An argument calling for the abolishment of the International Monetary Fund (IMF).
Written in 2008; 2,610 words; 9 sources; MLA; $ 78.95
Paper Summary:
The paper examines the history and policies of the International Monetary Fund (IMF) and contends that it has failed in promoting the conditions for economic growth in developing countries. The paper shows how flawed IMF policies have not promoted economic growth in Third World nations but instead have made economic growth virtually impossible. The paper asserts that organizations like the IMF should be abolished, for they are perpetuating the fundamental economic injustice inherent in a global economy where the powerful industrialized nations prosper by exploiting undeveloped ones.
From the Paper:
"Numerous Congressional hearings have confirmed this assessment, for Congress has harshly criticized the International Monetary Fund, and added fuel to the firestorm of controversy that has surrounded the IMF since its mishandling of the Asian financial crisis. Public disputes over the leadership of the institution are intensifying, and massive demonstrations such as occurred in Seattle are demonstrating that the IMF is under siege as it has never been before in all of its fifty-six-year history."
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