StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

The Letter to the US from the IMF and World Bank - Personal Statement Example

Comments (0) Cite this document
Summary
The author of this personal statement under the title "The Letter to the US from the IMF and World Bank" discusses the influence of the economic slowdown on the US economy. Moreover, the author assesses the сommercial relationships between the US and other countries…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.3% of users find it useful
The Letter to the US from the IMF and World Bank
Read TextPreview

Extract of sample "The Letter to the US from the IMF and World Bank"

As an American citizen, I am a witness of how the economic crisis brought adverse repercussions on consumer spending and in local business entities. However, the letter fails to look at the other side of the coin. True enough, the economic slowdown is detrimental to the US economy and could possibly transform the US from an "economic superpower to economic basket case." However, the author should also recognize the adverse effect of the US slowdown on more impoverished economies. Because as economists put it, when US cough, the world catches a cold.

The recent years have seen stronger and tighter relations among nations as they open up their borders for freer trade through the formation of trade blocs and regional partnerships. Aside from local produce, most of the consumers' income in the US is spent on cheaper imported goods coming from Asian trading partners like China, Philippines, Malaysia, and Thailand. These nations have long been the biggest trading partners of the US and have long benefited from the strong demand in our country. With technological development, services have also been imported from these nations as well through business process outsourcing. So, with these nations heavily dependent on US partnership, it is irrefutable that the economic recession in our country will also bring about a slowdown in other smaller and less stable economies. On the other hand, the collapse of Lehman Brothers is also expected to sabotage growth in the Eurozone. So, it's not just the US that should be given with this letter and the much needed economic assistance from the IMF and WB. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(The Letter to the US from the IMF and World Bank Personal Statement, n.d.)
The Letter to the US from the IMF and World Bank Personal Statement. Retrieved from https://studentshare.org/macro-microeconomics/1532733-published-opinion-of-rosa-brooks-from-los-angeles-times-analysis
(The Letter to the US from the IMF and World Bank Personal Statement)
The Letter to the US from the IMF and World Bank Personal Statement. https://studentshare.org/macro-microeconomics/1532733-published-opinion-of-rosa-brooks-from-los-angeles-times-analysis.
“The Letter to the US from the IMF and World Bank Personal Statement”, n.d. https://studentshare.org/macro-microeconomics/1532733-published-opinion-of-rosa-brooks-from-los-angeles-times-analysis.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Letter to the US from the IMF and World Bank

THE IMF AND WORLD BANK

1). With such goals and objectives of civilization’s best interest and financial well-being, the IMF’s and World Bank’s humanistic visions should be at the top of the list of the most essential and necessary financial institutions. It becomes somewhat anti-productive and fatalistic to envision ongoing threats against the IMF and World Bank’s purpose and comprehensive strategic plans. Is terrorism the eminent threat? However, appropriate checks and balances are part of strategic planning definitions and comprehensive operations.
Who and what is the IMF?
The IMF (known as the ‘Fund’) was created/constructed at a United Nations Conference in Bretton Woods, New Hampshire, USA in July 1944. Forty-four representativ...
5 Pages(1250 words)Essay

The role of the IMF & World Bank

The realist theories propose that the sovereign states are the main actors in the international system and that other institutions have little influence in the international scene (Evans M. 2001). Of course this assumption at that time was very plausible considering the fact that globalization and giant multi-national organizations were not really very popular at the time when the World Bank and the IMF were organized. Remember that it was just after World War II when these organizations came into being and at that time the notion that the international system is anarchic (Doyle, Michael (1997) and that no authority is considered above the state that is capable of regulating the interactions among nations (Schweller, Randall L (2...
10 Pages(2500 words)Essay

Managing Emerging Technologies: The World Bank Group

information Technology helps the businesses in cutting costs and creating value to the organization as a whole, by minimizing the digital divide. This helps in developing new and effective business processes as well as in making value propositions especially in the new and modern corporate world whose business network is spread far and wide, such as the World Bank for instance. Information technology plays a vital role in integrating systems and strengthening the strategic ties between service providers and customers, thereby rendering effective services.
The World Bank is involved in various activities providing a wide range of services to several developing and in transition countries across the globe. The bank, owned, fina...
11 Pages(2750 words)Case Study

Contemporary Issues in World of Politics Climate Change Policy

It is more than a particular problem of any specific community. In fact, climate change has a wider global nature compared to other environmental issues and it affects the people of every nation and boundary. Therefore, the issue of climate change has a far wider reach than the other environmental issues and it is an issue concerned with almost all the international communities. It is identifiable that national boundaries may attempt to prevent the movement of people and goods across the boundaries of the nation. However, when it comes to pertinent environmental issues such as climate change, these issues do not stop at borders, making them – some would argue – quintessentially global phenomena. “Climate change i...
6 Pages(1500 words)Case Study

The Origins of the Second World War

The accord at present is that it was Hitler's resolve to change the basis of European society that took the war to Europe in 1939. It was not essentially the war he was planning for; the facts propose that Hitler was intending to set up Germany for a huge conflict with Russia in the early 1940s. However, indisputably it was a war forced by his persistent pursuit of strategies that stood on race and on space (Henig, 1997).

The Second World War was originated due to the Fascist attack and the failure of democratic powers to prevent this assault. There seem to be a number of reasons for the Second World War to occur. German rearmament started after Hitler left 1932-34 Geneva Disarmament Conference, declaring that as the po...
7 Pages(1750 words)Article

Evaluation of Performance of a Bank Using Published Accounting Data

...Table of Content Introduction: 2 Background 3 Thesis ment 4 Main Body 4 Conclusion 6 Limitations 7 Recommendations 7 Bibliography 8 Evaluation of Performance of a Bank Using Published Accounting Data Introduction: Banks are the global industrial powerhouses1 and they have introduced very complex and risky products and services. During its operation, every bank is exposed to credit risk, liquidity problems, interest risk, market risk, operational and management risk.2 The collapse of banking industry severely influences the world financial system, which means that it is very important to evaluate the performance of the banks. There are different parameters based on which performance of a bank can be evaluated such as financial management...
7 Pages(1750 words)Case Study

Identification of problems in the Criminal Justice System of the US

They are on trial and will be dealt with fairly. These laws ensure that no one, even if he or she has committed a crime is abused or punished cruelly.
Following the history of civilization like in china, we see the traces of systems for Criminal justice in order to provide safety for the citizens. Evolving through the years laws have been modified and changed to form the system that we know today.
 From its start, the “U.S. criminal justice system” has advocated the idea of “checks and balances”. To avoid dictatorial rule, the people who founded this system in such a way that one person was not given control or authority completely to punish the criminals. The idea of assigning a ‘jury...
6 Pages(1500 words)Assignment

Economic Analysis on BMW Cars in the US Car Industry

Mini and the 1-series rapidly grew at a much higher rate through 2008. Since the early days of the new millennium, BMW has been one of the first automakers to utilize flexible factories in which more than one vehicle model could be produced at the same time. This enabled the company to meet shifts in market demand more effectively than BMW’s competitors could. BMW challenges to retain its market position in the international market for luxury cars. Many automakers, such as Hyundai with its Genesis sedan or Nissan's Infiniti brand are increasingly successful in realizing higher margins earned on luxury vehicles. BMW is rated behind luxury brands such as Lexus, Porsche, Mercedes, and Infiniti for these reasons

1. Th...
7 Pages(1750 words)Case Study

Christian Dior: The Man Who Made The World Look New

However, Christian was interested only in the arts and mostly in fashion (YourNewFragrance, 2004). Even as a child he was interested in the life of the artisan community (Hirst, n.d.). Unknown to his parents, he would visit galleries and bars that were frequented by painters and writers such as Picasso and Cocteau. His parents did not allow him to pursue studies at the Academy of Fine Arts and he was forced to enroll at the Faculty of Political Science. He, nevertheless, secretly continued to visit the galleries. After four years at the Faculty of Political Science, it became clear that he would never obtain a degree from there and his mother too lost hopes of seeing him as a diplomat. In the meantime, Dior developed a wide circle...
6 Pages(1500 words)Essay

International Business: World Economic Forum and Davos 2010

...Introduction Globalization, one of the most hotly debated issues means global capitalism to some while others consider it to be the continuation of modernism with the forces of wealth, progress, democracy and happiness at play (Kellner, 2002). Globalization is considered to be beneficial which promotes economic prosperity, cultural diversity and technological advancement. According to the critical social theory, technology and capital work together to create a new globalized and interconnected world. While each force of globalization is important, technological revolution has impacted the business models, value creation and differentiation (Spelman, 2010). The cloud computing technologies that have made the popular social networking...
7 Pages(1750 words)Coursework

Globalization and World Economic Forum at Davos 2010

The seven forces of globalization are; Markets, Production, Culture, Labor, Technology, Environment, and Liberalization. Of these factors, the globalization of markets has engaged substantial attention of the firms and academia. Some markets are highly globalized, while some are not. The scale of market globalization is determined by the extent of globalization of customers, customer needs, distribution channels and marketing strategies of the players in the industry (Stonehouse et al, 2004).

The phenomenon of globalization of markets has resulted in both advantages and disadvantages. It has resulted in the convergence in the requirement of features in a product and augmentation of the intensity of B2B and B2C communica...
7 Pages(1750 words)Coursework

Comparing the Brave New World and Todays World

... A Brave New World 26 February Introduction Man has always wondered since time immemorial about his ultimate place in the big universe. He had attempted to find meaning in this scheme of things without much success. A key repeated theme is seeming failure to find that true meaning that will justify his existence. What usually happens is that the more Man goes deeper into the search for ultimate meaning, the more he finds nothing. This is confounding, to say the least, and goes to show how useless the search could be. Many people had been doing this search several times and came up with nothing. Out of this seeming hopelessness and uselessness came the philosophical idea of the absurd – that Mans search for individual meaning is bound...
8 Pages(2000 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Personal Statement on topic The Letter to the US from the IMF and World Bank for FREE!

Contact Us