International Monetary Fund

development there are cases where that is not the case. Greece for example is considered a more “developed” country in the world. They belong to the European Union but since 2009 the country has been struggling economically. According to the International Monetary Fund, Greece is 44th in the world in per capita income. Many would argue that 44th out of 187 serves to show that Greece is pretty developed and I would agree. However I chose this example because even though Greece has a decent…

Present, and Future of The International Monetary Fund History During the 1930s the world was experiencing the greatest economic crisis it had ever seen—The Great Depression. Entire countries’ economies were beginning to fail and many attempted to rectify the issue by raising barriers to foreign trade, further escalating the issue. By this time, world trade had declined by 66%—over two billion dollars (IMFWEBSITESOURCE). The future founders of the International Monetary Fund, or IMF, realized…

support for, pressure on, and criticisms of the Bank have been central to its growth and the evolution of its policies, programs, and practices” (IATP). Furthermore, the US has immense influence over other financial institutions such as the International Monetary Fund. Related to trade, the US was one of the notable countries in developing the World Trade Organization which facilitates trade with 164 other states (WTO). Being one of the more prominent states within the organization, the US is…

Statement of Interest I am studying International Studies for my undergraduate degree and also have been working as the head intern at the Institute of Asia Pacific Studies (IAPS), a tri-campus research institute in the University of Nottingham Ningbo China. Given my extreme interest in the fields of politics, in particular politics and theory of development, I want to deepen my understanding of the subject by undertaking postgraduate studies in Development Studies at the University of…

What is the purpose of a government? Why does it exist and what were they created to do? Reflecting back to history, we can see the role the government plays to protect and bring prosperity to their citizens. In order to protect their citizens, they strive to achieve three significant concepts: prosperity, security and stability. If each government achieved this goal, ever nation would achieve social, economic and political stability. However in the 21 century, it appears that some nations are…

joined the Asian Infrastructure Investment Bank (AIIB). Since Britain and Australia joined the AIIB, they are effectively endorsing Beijing 's effort to establish financial rivals to the Bretton Woods institutions and the World Bank and International Monetary Fund (IMF), which are dominated by America (Bryant, 2015). China has increased its share of world economic output…

At the beginning of the Mexican crisis the IMF was busy congratulating itself on how successful previous bailouts and restructuring programs had been. Mexico was like a star pupil; its economy was getting stronger and it had just joined NAFTA. While in hindsight the forces that led to the crisis seem obvious, at the time nobody saw a crisis approaching. The Mexican crisis was set off by a series of political assassinations which led to decreased investor confidence and the flight of foreign…

Over the past years, industrialized nations, such as the United States (U.S.) and Europe, have ridded their nations of waste by participating in the international waste trade. The international waste trade is when industrialized nations export toxic wastes created in their country and relocate it to other undeveloped countries. This has become a debate issues due to various factors. In 1987, Sunday Nana, a Nigerian, illegally signed a contract allowing Italians, Renato Pent and Gianfranco…

The country was already in a precarious situation so it couldn’t borrow from external markets due to negative international credit ratings. The conditions attached to the IMF loan would be that the government would have to put ceilings on borrowing, ceilings on government investment , and ceilings on financing of government. These restrictions imposed by the IMF led…

environment in which people reside; individuals with limited economic means may reside in crowded or polluted areas with poor sanitation where pathogens easily reproduce and spread (LSHTM (c) 2014). Furthermore, increased trade brings with it increased international movement of people, animals, and goods, which affects the movement of disease (LSHTM (c) 2014). Macroeconomic activities can also have a variety of…