Since the 1990s, criticism has mounted regarding the IMF's narrow construction of a 'one size fits all' economic policy. "Policies of privatization and deregulation may work better in developed countries in the West, but, maybe more difficult to im Continue Reading...
The IMF currency reserve units are called Special Drawing Rights (SDRs); from 1974 to 1980 the value of SDRs was based on the currencies of 16 leading trading nations. Since 1980 it has been reevaluated every five years and based on the relative int Continue Reading...
3) The most major problems currently facing the World Trade Organization come from within. Its image among many poorer nations and certain groups of first world citizens is not the creation of misconceptions, but a reaction to real world consequen Continue Reading...
Origins, History of the IMF The International Monetary Fund was first conceived between July 1-22, 1944, at the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire. The conference was attended by representatives of 45 na Continue Reading...
Because the home country is not required to reimburse foreign depositors for losses, there is no corresponding financial penalty for lax supervision; there is, though, a benefit to the country with lenient regulatory policies because of increased r Continue Reading...
Global Financial Crisis Since the early 2008, financial institutions started to go through chaos all over the globe. The stock markets were beginning to crash, businesses were shutting down, and investors were losing their money. This was to indicat Continue Reading...
To respond to the newly emerged policies and become responsible entrepreneurs, corporate entities invest significant financial resources in replacing the older technologies and training their staff members how to be responsible employees and consume Continue Reading...
Companies such as XYZ Widget Corporation are well situated to take advantage of burgeoning markets in developing nations, particularly in Asia and Africa. 2. XYZ can grow its business by expanding its operations to certain developing nations in way Continue Reading...
Credit Risk Management Banks are an important part of the economy of any nation. Traditionally, the banks operate as financial intermediaries serving to satisfy the demand of people in need of various forms of financing. Through this, banks enable p Continue Reading...
In this sense, it is not simply a matter of theoretical approach, but also one that is accompanied by data. More precisely, for instance, in the 1960s, when, as stated previously, the afflux of the development aid had not been significant, the real Continue Reading...
IGOs play an important role in modern international relations. Overall, they provide many benefits to the global community, with the ability to act collectively in the interest of human rights, international peace and security, and economic develop Continue Reading...
Keynesian Theory Neoclassical economists are naturally more reluctant than Keynesians to concede that capitalism as a system might be dysfunctional or that markets might be irrational and inefficient, leading to cycles of boom and bust, mass poverty Continue Reading...
New Pattern of Integration Through Governmental Coordination: European Perspective The beginning of the European Union was with the coalition of six nations (namely France, Germany, Italia, Belgium, Holland, and Luxembourg) who entered into a treaty Continue Reading...
"The creation of new jobs overseas will eventually lead to more jobs and higher incomes in the United States...An open economy leads to concentrated costs (and diffuse benefits) in the short-term and significant benefits in the long-term. Protection Continue Reading...
The contributions of U.S. In these cases were only U.S.$5 billion to South Korea, U.S.$3 billion to Indonesia and zero to Thailand. (Examining the case for an Asian Monetary Fund) Alternatively, the East Asian economies like Japan and Singapore ent Continue Reading...
Economy of Latin America: Short Overview The economic situation of any specific geographic and geopolitical area is an integral part of the overall "picture" of the state of that area. Although much is said about the increasing "globalization" of Continue Reading...
While on one hand, the Nile gets the highest discharge from rainfall on the highlands of Ethiopia and upland plateau of East Africa, located well outside the Middle East region; on the other hand, discharge points of the other two rivers, Euphrates Continue Reading...
International Politics Political Leaders In Latin America: Hugo Chavez And Lula Who is Hugo Chavez and Lula Hugo Chavez was born on 28 July 1954 in Sabaneta, Venezuela. Chavez attended Venezuelan military academy and took up service as an army off Continue Reading...
Rapid innovations in technology, particularly telecommunications and transportation, have accelerated the globalization process in recent years, and a number of positive outcomes have been associated with these trends, including increased levels of i Continue Reading...
political framework of EU and OCT European Union (EU) and Overseas Countries and Territories (OCTs) are in association with each other via a system which is based on the provisions of part IV of the Treaty on the Functioning of the EU (TFEU), consi Continue Reading...
What the world needs today is an effective global banking system and a strong and sustainable trade relationship. The recent world recession reflects the collapse of the global banking system. This was the result of heavy advancement of loans and cu Continue Reading...
Thus, crises of capitalism have so far avoided provoking the alternative solution of a transition out of capitalism" (Wolffe 2009). Welfare state capitalism is merely one incarnation of capitalism, and neo-liberalism is not such a striking reformati Continue Reading...
Objective observers cannot but agree that the world has never been a better place than this and now. Norberg ascribes and attributes the swift adoption of globalization to the freedom of decision-making, whereby it has enabled individuals and econo Continue Reading...
Those officials who did look at the question of Japanese intentions decided that Japan would never attack, because to do so would be irrational. Yet what might seem irrational to one country may seem perfectly logical to another country that has dif Continue Reading...
Response to Self-Regulation Proposal Standards and Culture in Self Regulation Introduction The pitfalls of self-regulation are not unknown: object lessons abound in Tyco, WorldCom, Enron, Arthur Andersen, and several others (Pritchard, 2003). What to Continue Reading...
Fiscal and Monetary Issues in America Economics There are high tensions in the American economy today resulting from speculations whether the government will be able to hit the debt ceiling. Failure to hit the debt ceiling has serious economic eff Continue Reading...
Law of Attraction Metaphysical Law of Attraction Need for consideration of Metaphysical Law of Attraction Attitude and their Effects Superordinate Identities Positive Effect in everyday interactions In conflict management Negative Affect As an Continue Reading...
Muhammad Ali in Egypt and the Influence of Napoleon Services and Mission of Muhammad Ali Pasha Reforms under the Regime of Muhammad Ali Pasha Societal Reforms Education Reforms Westernization Economic Reforms Agricultural Reforms Political Re Continue Reading...
globalization been a force for development or for underdevelopment? Globalization and Development: An Uneven Exchange Globalization is the network of international flows of goods, services, money, information, ideas and people. It is the force tha Continue Reading...
Not only does this benefit them as a port destination, but the influx of trade goes through Taiwan with the majority of manufactured goods of the Pacific region flowing through their ports. Since Taiwan has a favorable relationship with the Western Continue Reading...
corporate and public shortcomings that arguably resulted in the BP oil spill in the Gulf of Mexico. The oil spill marked the U.S.'s worst environmental disaster. Whilst identifying the corporate and state cover-ups the triggered the disaster, this s Continue Reading...
Capitalism and the Global Environment A framework has been formed by capitalism according to which the world is not responding to the environmental changes. Capitalism produces (or is formed by) a number of environmental changes and lays down the fo Continue Reading...
MNCs Multinational Corporations and the International Economy This essay examines the role of multinational corporations (MNCs) in the global economy. Depending upon the point-of-view, multinational firms are either demonized or celebrated for thei Continue Reading...
Neo-realists see that states continue struggling for survival as they form international institutions. On the other hand, Neo-liberalists view of international relations as something that shapes and influences the foreign policies of states, therefo Continue Reading...
An 'armistice' was signed in 1953, and this detailed that the two Koreas would be kept separate by the 38th parallel, and friends and relatives were cruelly separated from one another, some never to see each other ever again. The after effects of th Continue Reading...
Iraq Reconstruction Reconstruction of Iraq: UN or U.S. Responsibility? Three years ago, the world had witnessed two significant events that determined the fate of two of the most powerful nations in the world: the World Trade Center bombing in Unit Continue Reading...
