POLS 2080 Lecture 10: Pols 2080 October 23rd
24 Jan 2019
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Document Summary
The international financial institutions and their roles in development. In 1944, the united states government chose the mount washington hotel as the site for a gathering of representatives from 44 countries. The conference established the world bank, set the gold standard at . 00 an ounce, and chose the american dollar as the backbone of international exchange. Headquarters in washington d. c: pay a fee based on their own wealth, quotas form a pool of loanable funds that can be given out (thus their money. Members states pay quotas" to form a pool of loanable funds. Original purpose: to provide long-term financing for post-war reconstruction and. Actually, the world bank is composed of two institutions, and the world bank group development project has a total of five arms". 1980- more demand for loans from developed countries: more demand=higher interest rates, and therefore all loans became more expensive.
