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Explain critics of the International Monetary Fund argue.
Critics of the International Monetary Fund (IMF) argue:
• The IMF is suffering through mission creep and requirements to return to its core mission to give short-term financing to stabilise not restructure economies. Previously of twenty years, the IMF has been strengthened extremely. Thanks to the debt crisis and the mechanism of conditionality, this has moved through balance of payments support to being quasi-universal dictator of well-admired "sound" economic policies Susan George
• SAPs/PRSP are a particular-size-fits all strategy which does not take account of individual countries exact contexts.
You are given the following functions in a fully competitive market: Market demand function: Qd = 20 – 3P Market supply function: Qs = 4 + P Where P is price A) In which price s
How much power or influence does a U.S. President versus a company CEO actually have in a free enterprise system, when it comes to producing jobs or the decision to manufacture co
How can be comparative advantage improved? Comparative advantage can be gained or improved through: • Investment during the education and also in training • Investment wi
Question 1: (a) Explain the core principles of the General Agreement on Tariff and Trade (GATT). (b) Do you think the additional principles introduced by the WTO in 1995 c
the basic assumption of the static model
What are the advantages of informal economy? Advantages of the informal sector: • Employment, opportunities and income. • Offers cheap inputs for the formal sector •
Why are the terms of trade deteriorating for Less Developed Countries? Problem: The substantial decline within real commodity prices and the deterioration into the terms of
Make a list of businesses that provide goods and services that you or your family members use in a typical week. For instance, do you stop at the service station on your way to sch
what is production analysis?
(present value) Suppose an entrepreneur considers to invest in a project. It needs a cash investment $I at year t = 0. If she/he invests, the project will generate an annual cash
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