blog




  • Essay / The International Monetary Fund - 2662

    IntroductionIn this essay, we will critically analyze the International Monetary Fund (IMF) from the perspective of the IPE's nationalist economic approach. First of all, what is the IMF? The International Monetary Fund was established 60 years ago, after World War II. The founders intended to build a structure of economic support and aid capable of preventing a repeat of the terrible economic policies that led to the Great Depression of the 1930s and the global conflict that followed. Countries were trying to rebuild their economies after the World War and needed a neutral international organization to monetize the economy. The IMF provides a guidance and financing plan to its members who are in economic difficulty and also works with emerging countries to help them achieve economic stability and reduction of shortage. IMF policy assumes that countries should stick to free trade, but not all countries benefit from free trade. The IMF aims to consolidate international trade, which is necessary for the stability of goods and services in free trade. A state must have a general philosophy of free trade. We will also discuss how the IMF's decision affects the member states that decide who has the most power or the most votes.Background.The IMF provides a guidance and financing plan for its members who are in difficulty economic and also works with emerging countries to help them. they achieve economic stability and reduce shortages. IMF policy assumes that countries should stick to free trade, but not all countries benefit from free trade. The IMF aims to consolidate international trade, which is necessary for the stability of goods and services in free trade. A state must have a general philosophy of free trade. The three main tasks of the IMF are to combat international difficulties to have economic or political power in the world. Additionally, if that country is part of the IMF, there is a system to check the economic situation of all IMF member countries. Therefore, if that country has serious economic problems or its national economy is no longer functioning, the IMF can help solve this problem. Therefore, the idea of ​​a national economic perspective on trade and globalization is not good in the recent world because globalization is the key to global economics and politics. It is very important to maintain a balance between domestic industries and imports because if there are too many imports into the country there will be hiring problems as domestic industries will find it difficult to compete with the products cheap import. For these reasons, refusing to trade and participate in globalization is not a good thing..