Examines I.M.F.'s role in bailouts of nations, focusing on Asia and I.M.F. failures. Discusses pros and cons, effects, austerity measures and politics.
Written in 1999; 2,475 words; 11 sources; $ 87.95
Paper Summary:
The International Monetary Fund (IMF) and World Bank managed to draw criticism from the political, left, right and center for their activities and policies. Interestingly enough, the left and right agree on their distaste for some of these policies, although for different reasons. The right worries about measures the IMF institutes as inherently anti-growth, while the left complains that the IMF measures are destructive to the local populations.
From the Paper:
"IMF
Introduction
The International Monetary Fund (IMF) and World Bank managed to draw criticism from the political, left, right and center for their activities and policies. Interestingly enough, the left and right agree on their distaste for some of these policies, although for different reasons. The right worries about measures the IMF institutes as inherently anti-growth, while the left complains that the IMF measures are destructive to the local populations.
During the past year, the IMF has both expressed a new, expanded understanding of its role in the world economy and been involved in attempting to stave off economic collapse throughout Asia. In the following pages, the focus is on exploring some of ..."
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