The Institutional Approach to Stability
by tdaxp ~ October 19th, 2008
Russia’s bailout of Iceland is on ice.
An ad-hoc collection of rich dicators? Not going to help Pakistan..
But (as my friend Dan Nexon snarkily wrote), watch Ukraine. Ukraine and Hungary will both be obtaining aid from the International Monetary Fund, and IMF aid to other countries is coming soon. Depending on one rich friend to bail out a country is anarchonistic. Rather, American-led institutions like the World Bank, European led institutions such as the International Monetary Fund, and hopefully soon a similar institution from East Asia, provide a networked, stable, and bureaucratic way to get the job done.
Pathogenic load reduces...
October 19th, 2008 at 8:41 am
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