Power Shifts in the IMF Term Paper by Carly Evans

A look at the power shifts on the horizon for the International Monetary Fund and what these changes will mean for the economies of different regions.
# 151602 | 1,337 words | 4 sources | APA | 2012 | US
Published by on Jul 02, 2012 in Economics (International) , Economics (Macro) , Political Science (General)


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Description:

This paper discusses the recent power shifts in the IMF by exploring the change in leadership, concerns over the "Eurocrisis," and changes to the IMF's structure. In order to understand these issues, the paper begins by discussing what exactly the IMF is and does. The paper also explains the implications of the IMF power shifts to world economies.

Table of Contents:
Introduction
What is the IMF
Power Structure of the IMF
IMF Power Changes
Calls for Changes in the Direction of Leadership
Raising Resources for the Eurocrisis
Changes to the IMF's Structure

From the Paper:

"Ten years ago the economic powerhouses of the world were Western nations, especially European nations. However, today, European nations are undergoing an economic crisis that has changed the world economy and demanded the assistance of developing nations that were formerly the recipients of IMF loans. Countries like China, Brazil, and Russia are now economic powerhouses, where they use to simply be classified as developing countries.

"Because Europe is now facing a very serious economic crisis and once "developing" countries are now accounting for larger economies, Europe and the IMF have requested that these nations, and others like them, begin contributing larger amounts of money to the IMF for the purpose of Eurocrisis relief."

Sample of Sources Used:

  • International Monetary Fund. (2012). IMF Members' Quotas and Voting Power, and IMF Board of Governors. http://www.imf.org/external/np/sec/memdir/members.aspx
  • International Monetary Fund. (2012). The IMF at a Glance. http://www.imf.org/external/np/exr/facts/glance.htm
  • Zingales, L. (2011). The Next Managing Director of the IMF Should Definitely Not Be a European. The Economist. http://www.economist.com/economics/by-invitation/guest-contributions/next_managing_director_imf_should_definitely_not_be_euro
  • Wroughton, L. (2012). IMF Funds Drive Caught in Global Power Shift. Reuters. http://www.reuters.com/article/2012/04/14/us-imf-idUSBRE83C1F420120414

Cite this Term Paper:

APA Format

Power Shifts in the IMF (2012, July 02) Retrieved November 22, 2019, from https://www.academon.com/term-paper/power-shifts-in-the-imf-151602/

MLA Format

"Power Shifts in the IMF" 02 July 2012. Web. 22 November. 2019. <https://www.academon.com/term-paper/power-shifts-in-the-imf-151602/>

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