Podcast
Questions and Answers
What is one of the criticisms free-market economists have towards the IMF?
What is one of the criticisms free-market economists have towards the IMF?
- Structural adjustment programs are natural and beneficial for economic development.
- Structural adjustment programs undermine market responsiveness. (correct)
- Structural adjustment programs promote an entrepreneurial culture.
- Structural adjustment programs have no impact on the economy.
How was the IMF criticized in the aftermath of the 2007–9 global financial crisis?
How was the IMF criticized in the aftermath of the 2007–9 global financial crisis?
- For promoting entrepreneurship in developing countries.
- For preventing the crisis effectively.
- For highlighting the instabilities and imbalances that led to the crisis.
- For failing to prevent the crisis by identifying its causes. (correct)
What was one of the calls for reforming the IMF after the global financial crisis?
What was one of the calls for reforming the IMF after the global financial crisis?
- To strengthen its ability to regulate the global financial system. (correct)
- To prioritize neoliberal ideology over other economic theories.
- To increase funding to developing countries.
- To diminish the influence of developing states.
What distinguishes the World Bank from the IMF in terms of their primary function?
What distinguishes the World Bank from the IMF in terms of their primary function?
What do the IMF and World Bank have in common?
What do the IMF and World Bank have in common?
Why were developing states favored in minor adjustments to the IMF?
Why were developing states favored in minor adjustments to the IMF?
What bodies formed the basis of the Bretton Woods system?
What bodies formed the basis of the Bretton Woods system?
Which organization replaced the General Agreement on Tariffs and Trade in 1995?
Which organization replaced the General Agreement on Tariffs and Trade in 1995?
What led to the breakdown of the Bretton Woods system in the early 1970s?
What led to the breakdown of the Bretton Woods system in the early 1970s?
Critics of the IMF, World Bank, and WTO argue that they have deepened global disparities by:
Critics of the IMF, World Bank, and WTO argue that they have deepened global disparities by:
The global financial crisis of 2007–9 and the global coronavirus pandemic raised concerns about the effectiveness of:
The global financial crisis of 2007–9 and the global coronavirus pandemic raised concerns about the effectiveness of:
The rise of the BRICS nations suggests possible alternative models for the future of:
The rise of the BRICS nations suggests possible alternative models for the future of:
What was the main responsibility of the International Bank for Reconstruction and Development (IBRD), also known as the World Bank?
What was the main responsibility of the International Bank for Reconstruction and Development (IBRD), also known as the World Bank?
Which organization replaced the General Agreement on Tariffs and Trade (GATT) in 1995?
Which organization replaced the General Agreement on Tariffs and Trade (GATT) in 1995?
What was the primary function of the International Monetary Fund (IMF) within the Bretton Woods system?
What was the primary function of the International Monetary Fund (IMF) within the Bretton Woods system?
What was the relationship between the US dollar and gold according to the Bretton Woods system?
What was the relationship between the US dollar and gold according to the Bretton Woods system?
Which organization focused on maintaining stable exchange rates by fixing currencies to the value of the US dollar?
Which organization focused on maintaining stable exchange rates by fixing currencies to the value of the US dollar?
What was the primary goal of the General Agreement on Tariffs and Trade (GATT) within the Bretton Woods system?
What was the primary goal of the General Agreement on Tariffs and Trade (GATT) within the Bretton Woods system?
