explain the role of IMF technology in shaping the world economy in 19th century
Answers
Answer:
Technology has played an important role in shaping the world economy in the 19th century. ... A major part of the growth of net national income in developed countries has been due to technological changes. Robert Solow says that technological change accounted for about 2/3 of growth of the US economy.
Answer:
The International Monetary Fund (IMF) is an international organization of 189 member countries that works to ensure the stability of the international monetary and financial system. The IMF’s mandate includes facilitating the expansion and balanced growth of international trade, promoting exchange stability, and providing the opportunity for the orderly correction of countries’ balance of payments problems. The IMF was established in 1945.
Looking forward, cooperation and consultation between the IMF and WTO will continue to be key, given the increased areas of mutual support and responsibilities between the two institutions. Potential areas of heightened interaction include financial services, trade facilitation, and collaboration on WTO accessions. The IMF strongly supports the role of the WTO in ensuring openness, transparency, and stability in the global trading system, including its role in enforcing trade rules.
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