Mosley Harrigan and Toye refer to the IMF and World Bank as________________?
Correct answer: B. a managed duopoly of policy advice
- A. excessively committed to writing down LDC debt
- B. a managed duopoly of policy advice
- C. a U.S monoply
- D. the initiator of HIPCs debt forgiveness
Explanation
Mosley, Harrigan and Toye characterized the IMF and World Bank as a managed duopoly of policy advice because the two institutions jointly dominated development-policy recommendations and lending conditions. This is different from calling either institution solely a U.S. monopoly.
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