Why the IMF Changed its Mind about Capital Controls

On Triple Crisis, Ilene Grabel was the first to highlight the IMF’s change in position on capital controls. In this new video for the Guardian and in a related article for Foreign Policy magazine, Triple Crisis blogger Kevin Gallagher also notes the IMF’s acceptance of capital controls and argues that the US should follow suit and stop outlawing the use of controls through its trade and investment agreements.

Read “Control That Capital”, from Foreign Policy, along with more of Gallagher’s research on foreign investment for development.