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Chicago boys, Chile, IMF *LINK*
Posted By: three_sixty In Response To: Re: Bankers Cheer as IMF Head Faces Sexual Assault (three_sixty)
Date: Tuesday, 17 May 2011, at 9:22 p.m.
"Appointed the IMF's resident representative in Chile from 1978, in 1980 he returned to the IMF headquarters in Washington D.C. to develop procedures in international capital markets.[6][3]"
- source: http://en.wikipedia.org/wiki/John_Lipsky
"from 1978 to 1981 it achieved what the Chicago boys called the "Economic Miracle." During this period the economy grew 6.6 percent a year. (By comparison, the U.S. economy usually grows 2.5 percent a year.) The Chicago boys lifted nearly all restrictions on foreign direct investment, creating an "almost irresistible package of guarantees for the foreign investor" with "extraordinarily permissive" treatment. (3) Foreign investment and loans came pouring into Chile, with loans alone tripling between 1977 and 1981. (4) Of the 507 state enterprises set up before or during Allende's presidency, the Chicago boys would eliminate or privatize all but 27. (5)"
source: http://www.huppi.com/kangaroo/L-chichile.htm
White House Aide Lipton Seen As Possible Successor To Lipsky At IMF -Sources:
http://online.wsj.com/article/BT-CO-20110517-714510.html
http://en.wikipedia.org/wiki/John_Lipsky
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