Do you think imf work democratically
Answers
Answered by
1
IMF or International Monitory Fund
Was formed in 1945 under the aegis of United Nations
The purpose was to finance the countries with negative BOP A/C's for promoting international trade and Economic development....
It has been criticised by Overseas DevelopmentInstitute(ODI) research undertaken in 1980 included criticisms of the IMF which support the analysis that it is a pillar of what activist Titus Alexander calls global apartheid.
The bqsic problems found were:
Dominant role of developed countries over developing countries.Policies of the IMF were centeric to the benefits of highly industrialized developed countries over not so industrial countries.It was also criticised for non developmental policies and theoretical practices which were not practically possible to do because of varied interest of influential countries...Argentina is a perfect example of implementing IMF policies as it is.... it was considered as an Model country for IMF policy implementation but Argentina in the year 2001 hit an economic crises which resulted in sudden and multiple fold increase in government expenditure for health education and security totally destabilizing it's economy..
Infact in the latin American countries its one of the most hated international body their.
Its policies and procdures are developed by the prestigious western nations studies and researches which have been pritty biased in past against other countries. These research institutions work as economic hitman against poorer economies....
Was formed in 1945 under the aegis of United Nations
The purpose was to finance the countries with negative BOP A/C's for promoting international trade and Economic development....
It has been criticised by Overseas DevelopmentInstitute(ODI) research undertaken in 1980 included criticisms of the IMF which support the analysis that it is a pillar of what activist Titus Alexander calls global apartheid.
The bqsic problems found were:
Dominant role of developed countries over developing countries.Policies of the IMF were centeric to the benefits of highly industrialized developed countries over not so industrial countries.It was also criticised for non developmental policies and theoretical practices which were not practically possible to do because of varied interest of influential countries...Argentina is a perfect example of implementing IMF policies as it is.... it was considered as an Model country for IMF policy implementation but Argentina in the year 2001 hit an economic crises which resulted in sudden and multiple fold increase in government expenditure for health education and security totally destabilizing it's economy..
Infact in the latin American countries its one of the most hated international body their.
Its policies and procdures are developed by the prestigious western nations studies and researches which have been pritty biased in past against other countries. These research institutions work as economic hitman against poorer economies....
Similar questions