This is a clear and concise introduction to the International
Monetary Fund (IMF) and an overview of its debates and
controversies. Where did the IMF come from? What does it do? Why do
so many governments participate in its programs and what are their
effects? How can we best reform this key global institution? These
are some of the key questions addressed. In our age of thinking
global, the IMF is a crucial institution and central to
understanding international relations and current affairs. Founded
in the aftermath of the Second World War, its basic purposes were
to facilitate world trade and promote national prosperity. The
founders hoped that never again would the world experience the
trade policies that led up to the Great Depression. This book
outlines and questions these targets and assesses actual
achievements. It also details how despite originally focusing on
Europe, the Fund has gradually shifted to involvement with poorer
developing countries, but to what ends and with how much success?
This study both poses and tackles the tough questions facing our
global community today.
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