International Monetary Fund

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    The advertisement that I selected is a very fresh ad that just came out after the Olympic games. It opens with a girl in her youthful years holding a Samsung Galaxy S7 Edge singing the anthem of another country while gazing out into the vast open sea. She commences singing an anthem, soon afterward, the scene shifts and jumps over into another country with another person singing a different anthem. Each anthem comes with a new location which is different from the home of the anthem. At the…

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    assistance, states began to fail, and radical groups took haven if these areas. Failed states continued to rise as the United States developed its technologies, energy developments, and resource independence.1 The lack of major U.S. presence in international economic issues causes many nations to collapse as well. The continent of Africa is the center of gravity for these failed states and radical groups.2 Major powers, such as China, are problematic as they aggressively claim areas surrounded…

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    Stakeholder Analysis Model

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    This literature review will address the idea of World Bank’s Anti-Corruption policy in order to address whether it can be improved through the adoption of a Political Economy Analysis (PEA) framework. In 1996, the President of the World Bank, John Wolfensohn addressed the ‘cancer of corruption’ as a major impediment to growth. Since then the World Bank has had a mounting concern over corruption. Today, the Bank’s anti-corruption strategies incorporate concerns over ‘good governance’,…

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    Blurred Boundaries

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    Rob Reich lectures that blurred lines between the private, public (government), and social sectors have altered how social change happens in the economy. He explains that the shifts in behavior and responsibilities across the traditional sectors have led to improper behavior and decision making, which has also led to the poor management of responsibilities. While the blurred boundaries stress the existing laws, regulations and expectations, the overlap in the boundaries created is a space for…

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    There is always financial crisis in the global economy and the effects really show in the middle of 2007 and into 2008. Where the world stock markets have fallen around the world and large financial institutions collapsed or either bailed out by the governments by rescue packages and bail out their financial systems. Economy was concerned about those who should be responsible for the financial problems are being bailed out. Since global financial meltdown affects almost everyone globally.…

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    The phrase ‘Washington Consensus’ was coined by John Williamson in reference to a set of policy tools that Washington based institutions, in particular, the IMF, World Bank and the US Treasury could agree upon as the appropriate policy solutions to the Latin American debt crisis. In sum, these policy tools prescribed economic stabilisation, liberalisation and privatisation for developing countries as the keys to development, (Rodrik, 2001). Those policies were deemed necessary to achieve growth…

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    Bretton Woods Case Study

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    13 Name Professor Course Date BRETTON WOODS SYSTEM INTRODUCTION Bretton Woods’s system was established in 1944, the main aim of the system was to set pose regulations which led to the dollar to be the main international currency. This currency was the main requirement to of payment and purchase of foreign goods and services. This led to the straining of the underdeveloped markets which were not able to access the dollar, this led to them depending on the US to rend them the dollar to help in…

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    The Bretton Woods institutions (World Bank and International Monetary Fund) maintained stable exchanges of currency between trading countries (McMichael, 2016). To accomplish this stability, the American dollar served as the international reserve currency, with the multilateral financial institutions and the U.S. Federal Reserve Bank making disbursements in dollars. At the same time, fixed currency…

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    extremely fascinating to me. But further the Bretton Woods Conference, and all the agreements made there, are the foundation for international commerce today. Because of organizations like the World Bank, and International Monetary Fund most countries operate in similar manners and are able to trade with little interference. The World Bank, International Monetary Fund, and World Trade Organization all find their roots in the Bretton Woods Agreements, and because of that it is important to…

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    (Williamson, 2004: 6). Some more crucial definitions that Williamson provides in his historical overview are the usage of the term Washington Consensus when referring to the Bretton Woods institutions (World Trade Organization, World Bank, International Monetary Fund) and neoliberalism or market fundamentalism. The former tend to describe the policies of those institutions along those of the US towards client countries. The later does not seem to reflect the original meaning and it only remains…

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