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A few days ago, Google put online a tool designed as a time-suck for the holiday season (HT to Marginal Revolution for the link). Google N-gram viewer allows you to type in some search terms and it spits out how often those terms appear in Google Books by year of publication. Google books now contains 5,195,769 digitized books –or about 4% of all books ever published—so that it’s a pretty powerful tool to monitor cultural trends.
Good question as the world prepares for the September summit to assess progress. But this is a slightly odd debate here at The Africa Report. The UN Millennium Promise’s Charles Abugre Akelyira seems to think the MDGs are a rejection of economic policy reform:
This week, Liberians celebrated in the streets – faces painted, drums blaring, and dancing with abandon. They’re not rejoicing over some recent triumph by the Liberian soccer team or a local festival. The streets of Monrovia were overflowing because of debt relief. That’s right, debt relief. On Tuesday, Liberia secured nearly $5 billion in irrevocable debt relief from the World Bank, IMF, African Development Bank, and bilateral creditors. It’s a massive sum –
This blog entry also appeared on the Huffington Post.
As the global economic crisis spread throughout the developing world in 2008, some of us waited for the next unfortunate phase for poor, debt vulnerable countries - the resumption of massive IMF lending. This is a movie that we’ve seen many times before. And we know the ending. Sadly, it’s less of a Hollywood ending and more of a Parisian tragedy.
It didn’t take long to get the IMF engine roaring.