MA129 Lecture Notes - Lecture 3: Chinese Century, Joseph Stiglitz, International Monetary Fund
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MA129 Full Course Notes
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Answer: the organizations serve as certain accumulators of capital financial, political, economic so that to use them for the proper organization of the global economic development and avoidance of severe problems. Bank do not have political capacities to dictate the policies to the global community or define the path of national economies, but still they are capable of acting in local cases with certain countries dealing with concrete issues. Due to the capacities, get through the investments by the members of global community, these organizations have modeled policy recipes for solving different kinds of problems concerning economic development of a country. International monetary fund and world bank: steger argues that discussions of globalization are often rooted in a particular ideology. Globalization is about liberalization and global integration of markets.
