The International Monetary Fund (IMF)
The IMF is an international organization which has over 185 member countries. The IMF was funded by John Maynard Keynes and Harry Dexter in 1944, and its basic objective is to stabilize exchange rates and oversee the reconstruction of the international payment system. In addition the IMF promotes international monetary cooperation, and orderly exchange arrangements in order to develop economic growth and high levels of employment. One of the biggest missions of the IMF is to provide temporary financial assistance to countries to help them ease their external debt. The basic purposes for what the IMF was created remain the same, however, the IMF has adjust the way it carries out it operations to meet the changing needs of the member countries. The three main operations of the IMF are: surveillance, lending, and technical assistance. The first one deals with the monitoring of economic and financial developments. Furthermore, it provides policy advice aimed especially to prevent crisis. The second major task of the IMF is lending to countries with problems paying their external debt. Finally the IFM provides technical assistance to countries in its areas of expertise. The IMF is able to do such things Supporting all three of these activities is IMF work in statistical and economic research. Ever since the IMF has been around world trade has tripled from 1960 to 2005. There are people who have negative criticism against organizations such as the IFM and the World Bank. People like John Perkins author of the book “confessions of an economic hit man” claims from experience that “the U.S. [and allies] use globalization to cheat poor countries out of Trillions.” His main point is that the so mentioned and worshiped economic growth of the past decades has just helped the upper level classes, and made the poor even poorer. Moreover EHM’s through out the world have manipulated such economic data to encourage poor countries to borrow and then have IFM bailed them out once they can meet their payments. In My opinion is really hard to tell whether organizations like the IMF really help poor countries or it just helps the world’s top corpocracy to keep them down.
Friday, March 20, 2009
Today
Thursday, March 19, 2009
My general theory of everything
Again looking back in to the history of this world... I am going to make a rather outrageous comment despite the fact that I have trained myself to reject any generalization... This is MY GENERAL THEORY:
Men and Women kind will never reach harmony. The fundamental reason for this is the innate human nature which pushes the vast majority of us to want to be better, to stand out, to want more.
You might ask yourself: Innit that what makes this civilization to progress?
And you are right, it is! However, the survival of the fittest has gotten so out of hand that the very goal of the evolutionary process has been compromised by humanity's irrational and impulsive behavior. If we could for instance remember that a point in time we were seconds away from nuclear disaster, then it comes clear that the battle of humans to become better than others, or the simply the best can only end up in disaster. I firmly believe that if an effort is not made to truly become globalized in the humanitarian sense, then we are doomed.
I hate to even think about the idea that another war can result from the shaky economic environment...
Men and Women kind will never reach harmony. The fundamental reason for this is the innate human nature which pushes the vast majority of us to want to be better, to stand out, to want more.
You might ask yourself: Innit that what makes this civilization to progress?
And you are right, it is! However, the survival of the fittest has gotten so out of hand that the very goal of the evolutionary process has been compromised by humanity's irrational and impulsive behavior. If we could for instance remember that a point in time we were seconds away from nuclear disaster, then it comes clear that the battle of humans to become better than others, or the simply the best can only end up in disaster. I firmly believe that if an effort is not made to truly become globalized in the humanitarian sense, then we are doomed.
I hate to even think about the idea that another war can result from the shaky economic environment...
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About Me
- Mismo's blogg show
- Minneapolis, MN, United States
- I write on this blog for Augsburg College, more specific, for Homemade which purpose is to portrait the life of an Augsburg Colege (www.augsburg.edu) student. There are two bloggers for each class and we are given full liberty of expression. I self proclaimed myself an intellectual (although not a well rounded one yet, but I am working on it). Ohh mismo but doesn't that sound arrogant? Yes my that is the essence that my existence bears, because I ain't going to wait for some clown to tell me what I am. "For I am man and each man must find his own way. You can punish me or reprimand me, and that's why I make you afraid"." (JPS)
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