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Financial institutions

Economic dimension of globalization involves the international financial institutions i.e. the IMF & WB. Stabilization and adjustment are sponsored by the two respectively and are rooted in the ideology of free market. At the other end of the spectrum, protesters see globalization in a very different light than the treasury secretary of the United States, or the finance or trade ministers of most of the advanced industrial countries. The difference in is so great that one wonders, are the protestors and the policy makers talking about the same ? Are they looking at the same data? Are the visions of those in are so clouded by special and particular ? Many of the people protesting in the streets against globalization are protesting against capitalism, which they accuse of oppressing workers, exploiting the poor and making only the rich richer.

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