Draft: Recently, IMF published an article entitled "Neo-Liberalism: Oversold?" The title is as startling as an ISIS publication entitled "Mass Murders: Oversold?" would be. Despite the soft delivery, the mea culpa, by the organization which has been the principal architect and enforcer of neoliberalism all over the globe, could signify a climate change, a turnabout. More signs are available from Maury Obstfeld -- Evolution, not Revolution == perhaps change is on the way, and, though long overdue, it is still welcome -- after all, better late than never.
There are no formulas -- Capital Inflows bring benefits but also bring huge risks. Every beneficial policy has a harmful side. Look at World Bank Mea Culpa Rodrik.
Red Indian Chiefs
Will the IMF become irrelevant before it changes? - RWER Blog Post by Mark Weisbrot
Neoliberalism: Oversold - Hard to establish: benefits of growth. Increased Inequality easy to establish. Clear growth/equity tradeoff. Increased Inequity hurts growth -- no mention of social consequences.