The IMF is a key international institution serving as the international credit union and helping countries in
Question:
The IMF is a key international institution serving as the international credit union and helping countries in financial crises. Thus, it is a very important institution that we need for the global economic stability in this era of globalization. However, we know that there are many protesters all over the world against the IMF.
There are also scholarly critics on the IMF's policies. For example, Mark Weisbrot, one of the directors of the Center for Economic and Policy Research in Washington, pointed out that the IMF is hurting countries it claims to help by analyzing the Ecuador example (here is his article published by the Guardian: Weisbrot). In addition,Robert J. Barro, an economics professor at Harvard University.
Discussed that the IMF doesn't put out fires; it starts them (Barro's article). These criticisms, Do you think the IMF have a future? If yes, what should it be?
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr