Impacts Of The IMF

The first source is demonstrating through an image, the power and impacts of the IMF (International Monetary Fund) who is an organization in charge of providing short term financial assistance for poor countries as well as monitor exchange rates. The first source shows an image of a man wearing a suit, representing the IMF due to the acronym of ‘IMF’ on his suit and a scrawny boy who is offering him a bowl in exchange for a loan which the man is carrying in his hand. The source’s perspective is that one of the responsibilities of the IMF is to provide loans and financial assistance to countries around the world, especially poor or developing countries. However the source is showing the IMF in a bad light, because the source is demonstrating …show more content…
This links to economic globalization, because due to countries being interdependent when one country makes more or less than other countries, the whole globe will be affected, causing economic competition, and a need for countries to become a part of the World Trade and gain profit to be able to compete with other financially stable countries. In the first picture the source is using symbolism to make the image more effective; the bowl the skinny child is holding represents developing countries’ money and/or resources being given away to the IMF represented by the man in a suit, and the little boy himself represents the developing countries in need of financial …show more content…
This source shows an image of a tree, in which the WTO is the focal point, whose branches are connected with the world’s countries and many powerful TNC’s. The source’s perspective is that the responsibility of the WTO is to improve trade relations between countries by removing tariffs and other trade barriers. However the source is presenting the World Trade Organization negatively, because the source is demonstrating through the image that even though the main goal of the WTO is to help increase global trade it is instead helping establish powerful TNC’s in those countries to help increase their own profits as well as the TNCs’. Through the image the source is showing how the WTO is interconnecting the citizens around the world and influencing them to support TNCs and become consumers, again helping to increase their own profit instead of helping developing and developed countries be able to trade with each other more easily so that in turn both the developed and under developed countries could benefit economically. The source is demonstrating this by showing the picture of the tree with one half of its branches connecting to the countries of the world and the other half of its branches connecting to powerful TNCs through the WTO. This links to economic globalization, because due to countries being interdependent, if