The International Monetary Fund (IMF), for example, just isn’t a central bank for nurturing world progress and stability. It is somewhat a lender with an ideological agenda, conditioning its loans to distressed nations with austerity and anti-labor insurance policies aimed toward giving priority to debt repayment via exports rather than domestic development. Like all cartels, the IMF makes use of its oligopolistic energy to pursue political aims. It subsequently has a determined bias towards international locations whose leaders are in sync with the financial institution’s major supporters. A former chief economist of the IMF has brazenly acknowledged that the employees of the IMF make no necessary choice without checking with the U.S.
This course is designed as a comprehensive overview of intermediate microeconomic principle. Topics embrace shopper selection, selection underneath uncertainty and data, demand principle, firm, production and value concept, competitive market concept, imperfect competition, and market failure. The course … Read More