In This Review
International Monetary Reform and the Developing Countries: The Rule of Law Problem

International Monetary Reform and the Developing Countries: The Rule of Law Problem

By Gilbert P. Verbit

Columbia University Press, 1975, 335 pp.

Exchange controls breed corruption, concealment of standards, and the arbitrary use of power, with the result that the rule of law is undermined, especially in developing countries. That is the message of this well-argued book that uses a great deal of interesting material to demonstrate what quite a few observers have believed for some time.