• What Is The International Monetary Fund (IMF)?

    Will The European Union Fall Apart? BIT.LY LINK Subscribe! http://bitly.com/1iLOHml In June, Greece missed a deadline to pay back emergency loans from the International Monetary Fund. So, what is the IMF and what does it do? Learn More: Why the IMF was created and how it works https://www.imf.org/external/about.htm "The IMF, also known as the Fund, was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944." IMF Members' Quotas and Voting Power, and IMF Board of Governors https://www.imf.org/external/np/sec/memdir/members.aspx "The Board of Governors, the highest decision-making body of the IMF, consists of one governor and one alternate governor for each member country." Can The IMF Solve Global Economic Problems? http://www.in...

    published: 13 Jul 2015
  • The Secret World of Financial Institutions: World Bank, International Monetary Fund (2002)

    The World Bank has long been criticized by non-governmental organizations, such as the indigenous rights group Survival International, and academics, including its former Chief Economist Joseph Stiglitz, Henry Hazlitt and Ludwig Von Mises. About the book: https://www.amazon.com/gp/product/0393324397/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0393324397&linkCode=as2&tag=tra0c7-20&linkId=99285d2a11523ebfbf52191ec0a9b1ee Henry Hazlitt argued that the World Bank along with the monetary system it was designed within would promote world inflation and "a world in which international trade is State-dominated" when they were being advocated. Stiglitz argued that the so-called free market reform policies which the Bank advocates are often harmful to economic development if implemente...

    published: 13 Jan 2014
  • International Monetary System - New Economic Slavery

    A brief about paper money, 1. How paper money is created 2. policy of using it, 3. debt, 4. inflation 5. Interest International Monetary system is called modern day Slavery .. watch the full video to know more about it ...

    published: 28 Oct 2011
  • What do the World Bank and the International Monetary Fund actually do?

    Dr. Roslyn Fuller explains the original purpose of both the World Bank and the International Monetary Fund (IMF). (c) Video / Audio: Sergio Angulo Bujanda

    published: 08 Jun 2014
  • The History of the International Monetary Fund (IMF)

    This brief clips traces the history of the IMF from the rubble of Europe after WWII to the Third World in the 1970s and 80s. (Source: Banking on Life and Debt).

    published: 12 May 2015
  • WORLD BANK IMF DOCUMENTARY FULL MOVIE

    donald trump bernie sanders ron paul alex jones illuminati nwo globalist libertarian republican obama democrat liberal history

    published: 05 Aug 2013
  • 2017 Spring Meetings of World Bank Group and International Monetary Fund (IMF) April 21,2017 video

    The 2017 Spring Meetings of the World Bank Group and International Monetary Fund (IMF) will take place from 21-23 April, in Washington, DC, US. Spring Meetings Badges Available Beginning Monday, April 17, 2017 ... Bank Group and International Monetary Fund (IMF) Spring Meetings is by invitation only. 2017 Spring Meetings. 2017 Spring Meetings. Previous Next. Announcements; Schedule; Information for Participants; Information for Staff & EDs. The 2017 Spring Meetings of the World Bank Group and International Monetary Fund (IMF) will take place from 17-23 April, in Washington, DC, United States.

    published: 23 Apr 2017
  • The World Bank and The International Monetary Fund .

    The World Bank (WB) and The International Monetary Fund (IMF)

    published: 20 Nov 2009
  • International Monetary Fund's World Economic Outlook For 2017

    CNBC-TV18's Ritu Singh Decodes the IMF's World Economic Outlook. FY18 Growth Forecast For India Has Been Maintained At 7.2 Percent. Global Growth Forecast Has Been Raised To 3.5 Percent For 2017.

    published: 18 Apr 2017
  • What is The International Monetary Fund (IMF) ?

    The International Monetary Fund, is often referred to as the IMF and is headed by Christine LaGarde at present and she has been one of the most active and public leaders helping with the global recovery along with loans to distressed countries during the financial crisis. The IMF is an organization of 187 countries based in Washington D.C. It is designed to assist countries in financial trouble. Member countries contribute to the fund, relative to their economies, when assistance is needed. By Barry Norman, Investors Trading Academy.

    published: 26 May 2014
  • The IMF(International Monetary Fund)/Global Economic Collapse With A One World Currency Almost Here

    The IMF(International Monetary Fund)/Global Economic Collapse With A One World Currency Almost Here/Mark Of The Beast On The Way. God Bless & Jesus Saves. Subscribe To My Other YouTube Channel End Times Prophecies & Events At https://www.youtube.com/channel/UCDywpzxXNcUAhWtxCHnBWxg & Join My Facebook Group End Times Prophecies & Events, & anything Biblical At https://www.facebook.com/groups/543034002440292/ Or Page End Times Prophecies & Events, & Anything Biblical At https://www.facebook.com/End-Times-Prophecies-Events-Anything-Biblical-1220393834655704/ Or Page Matt TheWatchman Walker At https://www.facebook.com/Matt-TheWatchman-Walker-267029956969302/ Accept Jesus As Your Lord & Saviour Today. Romans 10:9 That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thi...

    published: 10 Feb 2015
  • International Monetary Fund

    A project that me and my friends did haha... remember IMF

    published: 19 Apr 2011
  • World Bank & International Monetary Fund - Important International Organisations

    World Bank & International Monetary Fund - In this lesson we learn about the most important international organisations and agreements in detail. The World Bank is an international financial institution that provides loans to countries of the world for capital programs. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group. The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

    published: 14 Jul 2017
  • A conversation with International Monetary Fund Managing Director Christine Lagarde | LIVE STREAM

    This event is live stream only. A distinguishing feature of the global economy since 2008 has been a marked slowing in productivity growth across most of the world’s economies. Please join AEI as Christine Lagarde, managing director of the International Monetary Fund (IMF), discusses a new study by IMF staff explaining the reasons for the global productivity growth slowdown and outlining the policies that might place the global economy on a faster growth path. Join the conversation on social media by following @AEI and @AEIecon on Twitter and Facebook. Subscribe to AEI's YouTube Channel https://www.youtube.com/user/AEIVideos?sub_confirmation=1 Like us on Facebook https://www.facebook.com/AEIonline Follow us on Twitter https://twitter.com/AEI For more information http://www.aei.org ...

    published: 03 Apr 2017
  • IMF 2016 World Economic Outlook

    IMF Chief Economist Maury Obstfeld introduces the World Economic Outlook 2016 and highlights the Fund’s findings and recommendations for policymakers going forward. Speaker: Maury Obstfeld, IMF Economic Counsellor

    published: 12 Apr 2016
  • Free Trade, Flaws of a Market Economy, International Monetary Fund: Joseph Sitglitz (2006)

    The first major protest in Seattle, Washington against the World Trade Organization (WTO) and its role in promoting economic globalization came as a surprise to many, considering the positive impacts globalization was supposed to bring. About the book: https://www.amazon.com/gp/product/0393330281/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0393330281&linkCode=as2&tag=tra0c7-20&linkId=8f99f38c891c395fa4121f515b9a1fe3 According to Stiglitz, this was the first step in a widespread recognition that globalization was all "too good to be true." Along with globalization comes a myriad of concerns and problems, says Stiglitz. The first concern being that the rules governing globalization favors developed countries, while the developing countries sink even lower. Second, globalizatio...

    published: 17 Nov 2013
What Is The International Monetary Fund (IMF)?

What Is The International Monetary Fund (IMF)?

  • Order:
  • Duration: 3:33
  • Updated: 13 Jul 2015
  • views: 204804
videos
Will The European Union Fall Apart? BIT.LY LINK Subscribe! http://bitly.com/1iLOHml In June, Greece missed a deadline to pay back emergency loans from the International Monetary Fund. So, what is the IMF and what does it do? Learn More: Why the IMF was created and how it works https://www.imf.org/external/about.htm "The IMF, also known as the Fund, was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944." IMF Members' Quotas and Voting Power, and IMF Board of Governors https://www.imf.org/external/np/sec/memdir/members.aspx "The Board of Governors, the highest decision-making body of the IMF, consists of one governor and one alternate governor for each member country." Can The IMF Solve Global Economic Problems? http://www.investopedia.com/articles/economics/09/international-monetary-fund-imf.asp "The International Monetary Fund (IMF) was founded in 1944 with a primary mission to watch over the monetary system, guarantee exchange rate stability and eliminate restrictions that prevent or slow trade." Subscribe to TestTube Daily! http://bitly.com/1iLOHml _________________________ TestTube News is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in. Watch more TestTube: http://testtube.com/testtubenews Subscribe now! http://www.youtube.com/subscription_center?add_user=testtubenetwork TestTube on Twitter https://twitter.com/TestTube Trace Dominguez on Twitter https://twitter.com/TraceDominguez TestTube on Facebook https://facebook.com/testtubenetwork TestTube on Google+ http://gplus.to/TestTube Download the New TestTube iOS app! http://testu.be/1ndmmMq Special thanks to Evan Puschak for hosting TestTube! Check Evan out on Twitter: https://twitter.com/TheeNerdwriter/media
https://wn.com/What_Is_The_International_Monetary_Fund_(Imf)
The Secret World of Financial Institutions: World Bank, International Monetary Fund (2002)

The Secret World of Financial Institutions: World Bank, International Monetary Fund (2002)

  • Order:
  • Duration: 1:20:13
  • Updated: 13 Jan 2014
  • views: 11248
videos
The World Bank has long been criticized by non-governmental organizations, such as the indigenous rights group Survival International, and academics, including its former Chief Economist Joseph Stiglitz, Henry Hazlitt and Ludwig Von Mises. About the book: https://www.amazon.com/gp/product/0393324397/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0393324397&linkCode=as2&tag=tra0c7-20&linkId=99285d2a11523ebfbf52191ec0a9b1ee Henry Hazlitt argued that the World Bank along with the monetary system it was designed within would promote world inflation and "a world in which international trade is State-dominated" when they were being advocated. Stiglitz argued that the so-called free market reform policies which the Bank advocates are often harmful to economic development if implemented badly, too quickly ("shock therapy"), in the wrong sequence or in weak, uncompetitive economies. One of the strongest criticisms of the World Bank has been the way in which it is governed. While the World Bank represents 188 countries, it is run by a small number of economically powerful countries. These countries (which also provide most of the institution's funding) choose the leadership and senior management of the World Bank, and so their interests dominate the bank. Titus Alexander argues that the unequal voting power of western countries and the World Bank's role in developing countries makes it similar to the South African Development Bank under apartheid, and therefore a pillar of global apartheid. In the 1990s, the World Bank and the IMF forged the Washington Consensus, policies which included deregulation and liberalization of markets, privatization and the downscaling of government. Though the Washington Consensus was conceived as a policy that would best promote development, it was criticized for ignoring equity, employment and how reforms like privatization were carried out. Joseph Stiglitz argued that the Washington Consensus placed too much emphasis on the growth of GDP, and not enough on the permanence of growth or on whether growth contributed to better living standards. The United States Senate Committee on Foreign Relations report criticized the World Bank and other international financial institutions for focusing too much "on issuing loans rather than on achieving concrete development results within a finite period of time" and called on the institution to "strengthen anti-corruption efforts." Criticism of the World Bank often takes the form of protesting as seen in recent events such as the World Bank Oslo 2002 Protests, the October Rebellion, and the Battle of Seattle. Such demonstrations have occurred all over the world, even amongst the Brazilian Kayapo people. Another source of criticism has been the tradition of having an American head the bank, implemented because the United States provides the majority of World Bank funding. "When economists from the World Bank visit poor countries to dispense cash and advice," observed The Economist, as Jim Yong Kim said in 2012, "they routinely tell governments to reject cronyism and fill each important job with the best candidate available. It is good advice. The World Bank should take it." Jim Yong Kim is the most recently appointed president of the World Bank. Some critics,[60] most prominently the author Naomi Klein, are of the opinion that the World Bank Group's loans and aid have unfair conditions attached to them that reflect the interests, financial power and political doctrines (notably the Washington Consensus) of the Bank and, by extension, the countries that are most influential within it. Amongst other allegations, Klein says the Group's credibility was damaged "when it forced school fees on students in Ghana in exchange for a loan; when it demanded that Tanzania privatise its water system; when it made telecom privatisation a condition of aid for Hurricane Mitch; when it demanded labour "flexibility" in Sri Lanka in the aftermath of the Asian tsunami; when it pushed for eliminating food subsidies in post-invasion Iraq."[61] The World Bank requires sovereign immunity from countries it deals with.[62][63][64] Sovereign immunity waives a holder from all legal liability for their actions. It is proposed that this immunity from responsibility is a "shield which [The World Bank] wants to resort to, for escaping accountability and security by the people."[62] As the United States has veto power, it can prevent the World Bank from taking action against its interests.[62] http://en.wikipedia.org/wiki/World_Bank
https://wn.com/The_Secret_World_Of_Financial_Institutions_World_Bank,_International_Monetary_Fund_(2002)
International Monetary System - New Economic Slavery

International Monetary System - New Economic Slavery

  • Order:
  • Duration: 51:09
  • Updated: 28 Oct 2011
  • views: 337971
videos
A brief about paper money, 1. How paper money is created 2. policy of using it, 3. debt, 4. inflation 5. Interest International Monetary system is called modern day Slavery .. watch the full video to know more about it ...
https://wn.com/International_Monetary_System_New_Economic_Slavery
What do the World Bank and the International Monetary Fund actually do?

What do the World Bank and the International Monetary Fund actually do?

  • Order:
  • Duration: 2:59
  • Updated: 08 Jun 2014
  • views: 6197
videos
Dr. Roslyn Fuller explains the original purpose of both the World Bank and the International Monetary Fund (IMF). (c) Video / Audio: Sergio Angulo Bujanda
https://wn.com/What_Do_The_World_Bank_And_The_International_Monetary_Fund_Actually_Do
The History of the International Monetary Fund (IMF)

The History of the International Monetary Fund (IMF)

  • Order:
  • Duration: 3:26
  • Updated: 12 May 2015
  • views: 3238
videos
This brief clips traces the history of the IMF from the rubble of Europe after WWII to the Third World in the 1970s and 80s. (Source: Banking on Life and Debt).
https://wn.com/The_History_Of_The_International_Monetary_Fund_(Imf)
WORLD BANK IMF DOCUMENTARY FULL MOVIE

WORLD BANK IMF DOCUMENTARY FULL MOVIE

  • Order:
  • Duration: 1:45:11
  • Updated: 05 Aug 2013
  • views: 81141
videos
donald trump bernie sanders ron paul alex jones illuminati nwo globalist libertarian republican obama democrat liberal history
https://wn.com/World_Bank_Imf_Documentary_Full_Movie
2017 Spring Meetings of World Bank Group and International Monetary Fund (IMF) April 21,2017 video

2017 Spring Meetings of World Bank Group and International Monetary Fund (IMF) April 21,2017 video

  • Order:
  • Duration: 41:53
  • Updated: 23 Apr 2017
  • views: 435
videos
The 2017 Spring Meetings of the World Bank Group and International Monetary Fund (IMF) will take place from 21-23 April, in Washington, DC, US. Spring Meetings Badges Available Beginning Monday, April 17, 2017 ... Bank Group and International Monetary Fund (IMF) Spring Meetings is by invitation only. 2017 Spring Meetings. 2017 Spring Meetings. Previous Next. Announcements; Schedule; Information for Participants; Information for Staff & EDs. The 2017 Spring Meetings of the World Bank Group and International Monetary Fund (IMF) will take place from 17-23 April, in Washington, DC, United States.
https://wn.com/2017_Spring_Meetings_Of_World_Bank_Group_And_International_Monetary_Fund_(Imf)_April_21,2017_Video
The World Bank   and  The International Monetary Fund .

The World Bank and The International Monetary Fund .

  • Order:
  • Duration: 3:17
  • Updated: 20 Nov 2009
  • views: 199
videos
The World Bank (WB) and The International Monetary Fund (IMF)
https://wn.com/The_World_Bank_And_The_International_Monetary_Fund_.
International Monetary Fund's World Economic Outlook For 2017

International Monetary Fund's World Economic Outlook For 2017

  • Order:
  • Duration: 1:51
  • Updated: 18 Apr 2017
  • views: 150
videos
CNBC-TV18's Ritu Singh Decodes the IMF's World Economic Outlook. FY18 Growth Forecast For India Has Been Maintained At 7.2 Percent. Global Growth Forecast Has Been Raised To 3.5 Percent For 2017.
https://wn.com/International_Monetary_Fund's_World_Economic_Outlook_For_2017
What is The International Monetary Fund (IMF) ?

What is The International Monetary Fund (IMF) ?

  • Order:
  • Duration: 2:03
  • Updated: 26 May 2014
  • views: 25927
videos
The International Monetary Fund, is often referred to as the IMF and is headed by Christine LaGarde at present and she has been one of the most active and public leaders helping with the global recovery along with loans to distressed countries during the financial crisis. The IMF is an organization of 187 countries based in Washington D.C. It is designed to assist countries in financial trouble. Member countries contribute to the fund, relative to their economies, when assistance is needed. By Barry Norman, Investors Trading Academy.
https://wn.com/What_Is_The_International_Monetary_Fund_(Imf)
The IMF(International Monetary Fund)/Global Economic Collapse With A One World Currency Almost Here

The IMF(International Monetary Fund)/Global Economic Collapse With A One World Currency Almost Here

  • Order:
  • Duration: 6:41
  • Updated: 10 Feb 2015
  • views: 2136
videos
The IMF(International Monetary Fund)/Global Economic Collapse With A One World Currency Almost Here/Mark Of The Beast On The Way. God Bless & Jesus Saves. Subscribe To My Other YouTube Channel End Times Prophecies & Events At https://www.youtube.com/channel/UCDywpzxXNcUAhWtxCHnBWxg & Join My Facebook Group End Times Prophecies & Events, & anything Biblical At https://www.facebook.com/groups/543034002440292/ Or Page End Times Prophecies & Events, & Anything Biblical At https://www.facebook.com/End-Times-Prophecies-Events-Anything-Biblical-1220393834655704/ Or Page Matt TheWatchman Walker At https://www.facebook.com/Matt-TheWatchman-Walker-267029956969302/ Accept Jesus As Your Lord & Saviour Today. Romans 10:9 That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. America In The Bible Revelation 14:8-13, 16:5-7 & 17-19, 17, 18, 19:1-16. Isaiah 13, 14, 18, 47, 48. Jeremiah 50 & 51. Habakkuk 1 & 2. Ephesians 5:11-16 And have no fellowship with the unfruitful works of darkness, but rather reprove them. For it is a shame even to speak of those things which are done of them in secret. But all things that are reproved are made manifest by the light: for whatsoever doth make manifest is light. Wherefore he saith, Awake thou that sleepest, and arise from the dead, and Christ shall give thee light. See then that ye walk circumspectly, not as fools, but as wise, Redeeming the time, because the days are evil. Ezekiel 33:2-9 Son of man, speak to the children of thy people, and say unto them, When I bring the sword upon a land, if the people of the land take a man of their coasts, and set him for their watchman: If when he seeth the sword come upon the land, he blow the trumpet, and warn the people; Then whosoever heareth the sound of the trumpet, and taketh not warning; if the sword come, and take him away, his blood shall be upon his own head. He heard the sound of the trumpet, and took not warning; his blood shall be upon him. But he that taketh warning shall deliver his soul. But if the watchman see the sword come, and blow not the trumpet, and the people be not warned; if the sword come, and take any person from among them, he is taken away in his iniquity; but his blood will I require at the watchman's hand. So thou, O son of man, I have set thee a watchman unto the house of Israel; therefore thou shalt hear the word at my mouth, and warn them from me. When I say unto the wicked, O wicked man, thou shalt surely die; if thou dost not speak to warn the wicked from his way, that wicked man shall die in his iniquity; but his blood will I require at thine hand. Nevertheless, if thou warn the wicked of his way to turn from it; if he do not turn from his way, he shall die in his iniquity; but thou hast delivered thy soul.
https://wn.com/The_Imf(International_Monetary_Fund)_Global_Economic_Collapse_With_A_One_World_Currency_Almost_Here
International Monetary Fund

International Monetary Fund

  • Order:
  • Duration: 4:39
  • Updated: 19 Apr 2011
  • views: 5331
videos
A project that me and my friends did haha... remember IMF
https://wn.com/International_Monetary_Fund
World Bank & International Monetary Fund - Important International Organisations

World Bank & International Monetary Fund - Important International Organisations

  • Order:
  • Duration: 31:10
  • Updated: 14 Jul 2017
  • views: 4337
videos
World Bank & International Monetary Fund - In this lesson we learn about the most important international organisations and agreements in detail. The World Bank is an international financial institution that provides loans to countries of the world for capital programs. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group. The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Watch to learn more. Important for UPSC aspirants. You can find the entire course here: https://goo.gl/PGLkFA Download the Unacademy Learning App from the Google Play Store here:- https://goo.gl/02OhYI Discuss the course with fellow aspirants here:- https://goo.gl/BXtjUQ
https://wn.com/World_Bank_International_Monetary_Fund_Important_International_Organisations
A conversation with International Monetary Fund Managing Director Christine Lagarde | LIVE STREAM

A conversation with International Monetary Fund Managing Director Christine Lagarde | LIVE STREAM

  • Order:
  • Duration: 56:20
  • Updated: 03 Apr 2017
  • views: 3485
videos
This event is live stream only. A distinguishing feature of the global economy since 2008 has been a marked slowing in productivity growth across most of the world’s economies. Please join AEI as Christine Lagarde, managing director of the International Monetary Fund (IMF), discusses a new study by IMF staff explaining the reasons for the global productivity growth slowdown and outlining the policies that might place the global economy on a faster growth path. Join the conversation on social media by following @AEI and @AEIecon on Twitter and Facebook. Subscribe to AEI's YouTube Channel https://www.youtube.com/user/AEIVideos?sub_confirmation=1 Like us on Facebook https://www.facebook.com/AEIonline Follow us on Twitter https://twitter.com/AEI For more information http://www.aei.org Third-party photos, graphics, and video clips in this video may have been cropped or reframed. Music in this video may have been recut from its original arrangement and timing. In the event this video uses Creative Commons assets: If not noted in the description, titles for Creative Commons assets used in this video can be found at the link provided after each asset. The use of third-party photos, graphics, video clips, and/or music in this video does not constitute an endorsement from the artists and producers licensing those materials. AEI operates independently of any political party and does not take institutional positions on any issues. AEI scholars, fellows, and their guests frequently take positions on policy and other issues. When they do, they speak for themselves and not for AEI or its trustees or other scholars or employees. More information on AEI research integrity can be found here: http://www.aei.org/about/ #news #politics #government #education #livestream #live #economy #IMF
https://wn.com/A_Conversation_With_International_Monetary_Fund_Managing_Director_Christine_Lagarde_|_Live_Stream
IMF 2016 World Economic Outlook

IMF 2016 World Economic Outlook

  • Order:
  • Duration: 3:06
  • Updated: 12 Apr 2016
  • views: 7787
videos
IMF Chief Economist Maury Obstfeld introduces the World Economic Outlook 2016 and highlights the Fund’s findings and recommendations for policymakers going forward. Speaker: Maury Obstfeld, IMF Economic Counsellor
https://wn.com/Imf_2016_World_Economic_Outlook
Free Trade, Flaws of a Market Economy, International Monetary Fund: Joseph Sitglitz (2006)

Free Trade, Flaws of a Market Economy, International Monetary Fund: Joseph Sitglitz (2006)

  • Order:
  • Duration: 1:32:25
  • Updated: 17 Nov 2013
  • views: 7784
videos
The first major protest in Seattle, Washington against the World Trade Organization (WTO) and its role in promoting economic globalization came as a surprise to many, considering the positive impacts globalization was supposed to bring. About the book: https://www.amazon.com/gp/product/0393330281/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0393330281&linkCode=as2&tag=tra0c7-20&linkId=8f99f38c891c395fa4121f515b9a1fe3 According to Stiglitz, this was the first step in a widespread recognition that globalization was all "too good to be true." Along with globalization comes a myriad of concerns and problems, says Stiglitz. The first concern being that the rules governing globalization favors developed countries, while the developing countries sink even lower. Second, globalization only regards monetary value of items, rather than other factors involved; one being the environment. The next concern is how developing countries are controlled by globalization and the negative effects it can have on their democracies. Developing countries borrow a large amount of funds from other countries and the World Bank which essentially causes them to give up the benefits of their democracy because of the strings attached to the loan repayment. The fourth concern regarding globalization is the notion that it does not live up to its original expectations. Globalization was advertised to boost countries economically; however, it has not shown improvement in developed nor developing countries. Last but not least, the new system of globalization has basically forced a new economic system on developing countries. This new economic system is seen as the "Americanization" (Stiglitz, Page 9) of their policies as well as culture. This has caused quite a bit of resentment and financial damage. In addition to these concerns, Stiglitz highlights that individual persons and whole countries are being victimized by globalization. Globalization had succeeded in unifying people from around the world — against globalization. Factory workers in the United States saw their jobs being threatened by competition from China. Farmers in developing countries saw their jobs being threatened by the highly subsidized corn and other crops from the United States. Workers in Europe saw hard-fought-for job protections being assailed in the name of globalization. AIDS activists saw a new trade agreement raising the prices of drugs to levels that were unaffordable in much of the world. Environmentalists felt that globalization undermined their decade long struggle to establish regulations to preserve our natural heritage. Those who wanted to protect and develop their own cultural heritage saw too the intrusions of globalization. — Stiglitz, 2006, p. 7 Stiglitz then goes on to provide an overview of how we might "reform" globalization, by noting representatives of the world's national governments attended the Millennium Summit and signed the Millennium Development Goals, pledging to cut poverty in half by 2015. Additionally, the International Monetary Fund (IMF) had previously been focusing more on inflation, rather than employment and income; however, they have shifted their focus in hopes of reducing poverty. Stiglitz states that countries who seek financial assistance have in the past been asked to meet an outrageous number of conditions, in exchange for the aid. This was one of the most common complaints towards the IMF and the World Bank. They have heard these complaints and have since greatly reduced the conditionality. The G8 group met for their annual meeting in 2005 and had agreed to write off debt owed by the 18 poorest countries in the world as an attempt to help with the global poverty issue. As regards the aspiration to make trade fair, originally, opening the market was done in hopes of helping the economy; however, the rights between the developing and developed countries have been skewed, and the last trade agreement actually put the poorest countries in a situation in which they were worse off than to begin with. Stiglitz focuses on the limitations of liberalization briefly to say the results of liberalization never lived up to the expectations; the developing countries were not able to follow through because their economic and political systems simply could not cope with the pressures. Finally, Stiglitz also argues that protecting the environment is one of the most important issues and countries must work together to lessen the effects of global warming. Successful development in countries such as India and China has only increased energy usage and also the use of natural resources. People from all over the world must adjust their lifestyle in order to reverse the effects of global warming. http://en.wikipedia.org/wiki/Making_Globalization_Work Image By World Economic Forum [CC-BY-SA-2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons
https://wn.com/Free_Trade,_Flaws_Of_A_Market_Economy,_International_Monetary_Fund_Joseph_Sitglitz_(2006)
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