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International Trade and Main Features of International Monetary Fund - Coursework Example

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The author of this coursework "International Trade and Main Features of International Monetary Fund" describes additional facilities of IMF, its role, key aspects of IFM. It observes the different exchange rates, balance of payments, transfer of debts towards poorer nations, and so on and so forth…
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International Trade and Main Features of International Monetary Fund
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Download file to see previous pages IMF takes care of more than 185 nations under its fold and this is the reason it is accredited as a body which oversees the financial basis of the world’s top players so that an equality basis could be established between the rich and the poor, the elite and the impoverished and so on. Global monetary competition is one of the significant points as to why IMF has lingered on the bandwagon of advocating financial measures and regimes on a global level since this is something that will continue to shape the world in which we live in. (Little, 1999) It would provide security means in terms of global facilitation of international trade and logistics as well as assist in planning out the intricacies related to the networks of financial hubs and depositories. More than anything else, the role of the IMF has there in the wake of improving employment rates at the global front since it establishes different jobs and makes sure right people are appointed so that the jobs could bring out the very best from them, thus the end result is of prosperity and opulence in different regions of the world. Sustainable economic growth is thus the end result of all these measures that are taken on the part of the IMF regimes and what they in essence want is to reduce poverty in the poor nations of the world as well as to bring about an amendment in the different policies of the world which go against equality and the related rights. IMF knows that its role is predominant in such a situation and it has to understand the psyche of the financial centers before moving on any further.
There are some exceptions when it comes to the working methodologies of the IMF. Some member states like to work in an indirect manner however coming directly under the auspices of IMF itself. This creates problems for the oneness which must be there within any organization let alone a global monetary forum – responsible for bridging the gap between the rich and the poor, the wealthy and the left out. These member states include Cuba, North Korea, Andorra, Monaco, Tuvalu, Liechtenstein, and Nauru.  ...Download file to see next pagesRead More
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