A review of the history and evolution of the International Monetary Fund.
Written in 2008; 3,585 words; 13 sources; APA; $ 100.95
Paper Summary:
The paper reviews the history of the International Monetary Fund (IMF) from its creation in 1944 and then provides an analysis of its creation, purpose, and function. The paper examines the organization's effectiveness in promoting international cooperation and explains how it maintains orderly exchange arrangements, and then discusses four problems that the IMF has dealt with. The paper also discusses the major transitioning points that caused a transformation of the IMF's policies and then follows with a summary of the research and salient findings in the conclusion.
Outline:
Introduction
Review and Discussion
Effectiveness of the IMF
From the Paper:
"The effectiveness of the IMF really depends on who is being asked. As Stone (2002) emphasizes, "The interests of powerful countries define the parameters within which the International Monetary Fund operates, and the limits of what it can achieve. The IMF is, after all, an international institution, not a supranational one" (12). In reality, virtually all of the stated purposes of the IMF can be viewed as being means to other ends, and the effectiveness of these purposes relates directly to whose interests are being best served. The general goal of encouraging the economic well-being of the entire world, as expressed in clause 2 above calling for more streamlined international trade, is fairly nebulous. Nevertheless, although it is difficult to place a dollar figure on the IMF's overall contribution to global economic well-being, or even to the growth of world trade since its inception, an extrapolation of how well the organization has prosecuted its stated purposes can be discerned from the growth in international trade that has taken place in the interim. "
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