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The Interests of Developing Countries in World Financial Reform

In: World Finance and Adjustment

Author

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  • Graham Bird

Abstract

Previous chapters have taken a rather global view, implying that all countries have similar interests in the full range of reform proposals. This is far from the truth. Though all countries benefit from a stable and efficiently operating set of international financial arrangements, common interest often ends there. Individual countries and groups of countries have their own preferences, based on their private costs and benefits. If a dollar standard confers private benefits on the United States, it is hardly surprising if the US resists moves to strengthen the SDR, unless as a means of strengthening the demand for the dollar.

Suggested Citation

  • Graham Bird, 1985. "The Interests of Developing Countries in World Financial Reform," Palgrave Macmillan Books, in: World Finance and Adjustment, chapter 11, pages 281-306, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-17938-1_11
    DOI: 10.1007/978-1-349-17938-1_11
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