GGR112H1 Lecture Notes - Lecture 2: General Agreement On Tariffs And Trade, World Trade Organization, Tied Aid
23 Jan 2018
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Document Summary
Originally proposed fixed exchange rates to prevent forced currency devaluation. Is a lender of last resort = emergency loans for countries that mess up. During the 1980s debt crisis, the imf finally saw some action and they gained some influence = tied aid. Usually recommended neoliberal policies (if you want cash you gotta deregulate) World bank (international bank for reconstruction and development) Focusing on rebuilding the destroyed countries from wwii. Focuses on infrastructure for reconstruction and redevelopment . If somebody messes up, they go to a tribunal but sometimes this isn"t always good. Canada didn"t like the eu banning their asbestos so they took them to the.
