Author Question: What did the high-growth Asian economies do to share wealth across all levels of society? What ... (Read 70 times)

kaid0807

  • Hero Member
  • *****
  • Posts: 515
What did the high-growth Asian economies do to share wealth across all levels of society?
 
  What will be an ideal response?

Question 2

Explain how IMF conditionality has changed over time.
 
  What will be an ideal response?



poopface

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

The high-income Asian economies emphasized land reform, free public education, free basic health care, and significant investments in rural infrastructure, such as clean water, transportation, and communication systems.

Answer to Question 2

Before the 1970s, IMF conditionality focused primarily on correcting the immediate source of the problem that led to a crisis, and it avoided involvement with underlying economic issues, such as trade policy and privatization. This approach was criticized as short-sighted, and it was agreed that the Fund should involve itself beyond short-run economic policy. New loan programs were developed to provide money and technical assistance to countries that needed help in restructuring their economies. This shift involved the IMF in far more than crisis resolution, as it took on an active role in assisting in privatization, the design of social policies, trade policy reform, agricultural policies, environmental policies, and a number of other areas. By the late 1990s, there was growing recognition that mission creep had become a problem and that the Fund had taken on responsibilities for which it is not suited, such as economic development in the long run. Several of the proposals for reforming the international financial architecture envision a reduced role for the IMF, particularly in the area of long term economic development.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

For a complete list of videos, visit our video library