Tuesday, March 17, 2009

Dodoland's Banker

Here is a great book to get a good perspective on one of the two controversial Bretton Wood sisters and on economic development in general. The more so given the billions of rupees which we've been borrowing from it since July 2005 at a time when countries like Brazil and Argentina had paid back their debt in advance and when our government was awash with cash.

The must-read chapter 7, The Cancer of Corruption, will probably lead you to find stunning parallels between how Indonesia was messed up by the World Bank in 1997 and how our country has been screwed up by that institution's ultimate puppet who seem to have forgotten that the voters who sent him to parliament are from independent and sovereign Mauritius.

This masterfully written book which was recommended to me by a World Banker for its even-handedness and which I truly enjoyed is available for less than USD12 from Amazon.com.


Anonymous said...

Very good book indeed. We should get as many people as possible to read the chapter on corruption. It was an eye-opener for me and I understand why WB was solicited to investigate the rosewood scandal. I now understand its tolerance for graft and theft.

Sanjay Jagatsingh said...

This book should be recommended reading for anybody who has anything to do with policy-making.

akagugo said...

Then, not for Basant, then? Because he's more into eroding the value of our hard-earned savings than making anything, right?