Summary: Economic Governance

Read the summary and the most important questions on economic governance

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• Explain the significance of the IMF in terms of lending

  One strength of the IMF in terms of lending would be through its ability to provide economic stability for not only developing countries but also help and provide funding for developed countries those in need.

• Explain the evaulation in terms of the imf lending

  Country member may request financial assistance if it suffers ot most liekly to duffer debt crises that is if it laks or potentially lacks suffiecient financing on affordable terms.

• Explain the liberal perspective on global economic governance in terms of being solutions to international problems and crises.

  Liberals belive  that nation states place collective goals above national self interest. They therefore, favour institutions of global governance such as the un , IMF through which these can be solutions to international problems and crises.

• Explain the insigficanse of the imf in terms of austerity widening inequality

  Often structural adjustments has led to spending cuts on important welfare services such as education and healthcare. Structural adjustment programs has often been percieved as widenining inequality.

• Explain the insignficanse of the sap in terms of audrerity and the critics

  Critics hold saps responsible for much of the economic stagnation that has occured in borrowing countries. SAP emphasize maintaining a banaced budget which forces austerity programmes.

• Explain the evidence of the sap austerity in terms of cutting public spending / causing diseases such as aids to devastate some areas economies.

  Cuts to health programmes have led to diseases such as AIDS to devastate some areas economies by destroying the work force. A 2009 book by rick Rowden entitled the deadly ideas of neo liberalism, how the IMF has undermined the fight against AIDS.

• Evaluate the insignificance of the IMF  in terms of austerity

  Claims that  the IMF  monetarist approach towards prioritizing price stability and  fiscal restraint was unnecessarily restrictive and has prevented developing countries from being to scale long term public investment as a percentage of GPD in the underlying public health  infrastructure.

• Explain the significance of the realist perspective in terms of conditionality

  Realist would argue that if a state gives loans then conditions should be applied otherwise  it encourages states to be irresponsible with the money.

• Explain the insignificance of the world bank in terms  of violating human rights

  A second stream of longstanding critiques has focused on the content of the policies , programmed and projects that the BWI, promote and enforced , how they have undermined a broad spectrum of human rights with the bank even being labelled as a ' human rights free zone' in 2015 by the un special reporter on extreme poverty and human rights.

• Explain the insigificanse of the world bank

  At the macroenmic level . Following on from the original Washington census the bank and the imf continue to push a particular set of macroeconomic policy prescriptions across almost all the member countries. Most typically these are fiscal consolidation measures include reducing public wage bill rationalising privatising social services.