POLSCI 1G06 Lecture Notes - World Trade Organization, Per Capita Income, United Nations General Assembly

• School: McMaster University
• Department: Political Science
• Course: POLSCI 1G06
• Professor: Todd Alway

Document Summary

Political science 1g06 2013 ii lecture 10b international organizations. On one level, the international monetary fund has a degree of autonomy that most other international organizations lack. Specifically, in terms of its operational budget (although not its loan budget) the fund is by and large self-funding. Having said this, the ability of the organization to exercise that autonomy is largely constrained by its most powerful members. Problem: if the value of your currency is plummeting it"s difficult to import goods. It takes more and more money to service that debt. If you have to take on board certain conditions: slash government spending, open borders to trade etc. Con: squeeze the backs of the poor to pay the imf back. Its operational budget (money to fund itself) makes very little profit. Not every state has an equivalent vote inside the organization. The largest contributor of the funds to the imf, gives them a larger vote.