POLC90H3 Lecture Notes - Lecture 8: Comparative Advantage, No Alternative, Debt Of Developing Countries
Document Summary
Removing restrictions on foreign investment in industry and financial services to make to the local production of goods and delivery of services more efficient, owing to the presence of foreign completion; Devaluating the local currency relative to hard currencies like the dollar in order to make exports more competitive, and. Privatizing state enterprises and embarking on radical deregulation in order to promote allocation of resources by the market instead of by the government: deregulation opposite of regulation, paris 1976, g7 meeting. Us accused of being dominated b/c of its integral role in the creation of. International organization that oversees the global financial system by following the economic policies of its 185 member nations. Particularly focuses on exchange rates, facilitating development, reducing poverty, and global cooperation. Also offers financial and technical assistance to its members using funds deposited with the imf from member nations. Last resort international lender: sometimes harsher conditions b/c of this, one of the most hated institutions.
