Thinking About China
Opinion

Beijing Cannot and Will Not Take the IMF’s Sage Advice

Over time, the IMF has offered worthy policy advice to the authorities in Beijing, but the CCP is simply incapable of taking it.
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Beijing Cannot and Will Not Take the IMF’s Sage Advice
A man walks past the International Monetary Fund (IMF) logo at its headquarters in Washington on May 10, 2018. Yuri Gripas/Reuters
Milton Ezrati
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Commentary

The International Monetary Fund (IMF) often provides economic policy advice to both developed and developing nations. Almost always, the economic analysis behind that advice is thoughtful and worth considering. Politics often muddies the matter, however. In Beijing’s case, the problem goes deeper than politics. Communist ideology stands in the way of the advantages China could gain from the IMF’s useful recommendations.

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Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is “Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live.”