Topic > The International Monetary Fund - 2662

IntroductionIn this essay we will critically analyze the International Monetary Fund (IMF) from the perspective of the IPE nationalist economic approach. First of all, what is the IMF? The International Monetary Fund was founded 60 years ago, after the Second World War. The founders intended to build a structure of support and economic aid that could prevent 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 economy after the world war and needed a neutral international organization to monetary it. The IMF provides guidance and financing to its members who are experiencing economic difficulties and also works with emerging nations to help them achieve economic stability and decreased scarcity. IMF policy assumes that countries must stick to free trade, but not all countries benefit from free trade. The IMF aims to block international trade, which is necessary for the stability of goods and services in free trade. A state should have a general philosophy of free trade. We will also discuss how the IMF decision affects member states making decisions about who has more power or more votes. Context. The IMF provides guidance and financing to its members who find themselves in economic difficulty and also works with emerging nations to help achieve economic stability and decrease scarcity. IMF policy assumes that countries must stick to free trade, but not all countries benefit from free trade. The IMF aims to block international trade, which is necessary for the stability of goods and services in free trade. A state should have a general philosophy of free trade. The three main tasks of the IMF are internationally... middle of paper... difficulty in having economic or political power in the world. Also, if that country is in the IMF, there is a system to control the economy of all IMF member countries, so if that country has serious economic problems or its national economy is no longer functioning, the IMF can help solve that problem . So the idea of ​​a national economic perspective on trade and globalization is not good in the recent world, because globalization is the key to the world economy and politics. It is very important to maintain the balance between domestic industries and imports, because if there are too many imports into the country, there will be problems in hiring because domestic industries would have difficulty competing with cheap imported products. For these reasons, refusing to trade and participate in globalization is not good.