At 11:01 23/02/01 -0800, you wrote:
>http://www.tompaine.com/news/2001/02/21/index.html
>PROTESTERS RIGHT
>International Monetary Fund Admits Error, Paul Krugman Doesn't
The punch line got missed off. So from the web-site because it is so
valuable to pin down this arrogance to other cultures and economies ...
>Alas, Mr. Krugman's particular legend was really not as clear-cut as it
>seemed. Robert Naiman, a policy analyst with the Center for Economic and
>Policy Research, tried to set the record straight with Krugman's editors
>at the Times. They refused to run his detailed response. But in October
>2000, Jon Jeter of the Washington Post set the record straight. Jeter
>found that Mozambique's cashew-nut farmers were indeed hurt by the IMF and
>World Bank's policy. He reported that 8,500 of the 12,000 Mozambiquans
>employed in the industry lost their jobs thanks to the IMF-World Bank
>intervention.
>
>The IMF executive board clearly acknowledged its mistake when, on December
>18, 2000, it agreed to a restoration of Mozambique's protections for the
>cashew industry.
>
>Mr. Krugman, intent as he was in his original article to settle on "the
>truth behind this legend," hasn't seen fit to follow the IMF's example by
>correcting the legend behind his erroneous "truth."
>
>The Statistical Assessment Service -- a non-profit group dedicated to the
>accurate use of scientific research in policy debates -- gave Krugman an
>award for one of top-ten silliest or most misleading stories of the year.
>
>To paraphrase his original snide op-ed piece, we might say Mr. Krugman has
>an annoying problem: the facts aren't on his side.
