Domestic Interests and IMF Programs

One of the most important developments over the last few decades has been the rapid increase in international economic exchange. The explosion in cross-border transactions has already had a profound effect on domestic politics within countries. Increasingly, in the words of Milner and Keohane (1996: 3), “we can no longer understand politics within countries — what we still conventionally call ‘domestic politics’ — without comprehending the nature of the linkages between national economies”.