Author Question: What did the high-growth Asian economies do to share wealth across all levels of society? What ... (Read 133 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?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

For a complete list of videos, visit our video library