Chapter 10 Review Questions

The International Financial Institutions
  1. What were the original functions of the IMF and the World Bank?
  2. Why did the East Asian “miracle” lead to a rethinking of IMF and World Bank policies?
  3. Discuss the debt crisis of the 1980s and the Bretton Woods institutions’ responses to it.
  4. The World Bank has argued that its new (post-2000) approach to development is more “comprehensive” than its past efforts. What does this mean?
  5. Discuss the impact of the 2008 global financial crisis on developing countries.
  6. The World Bank widely championed a new approach to poverty reduction in the 2000s. Explain this approach briefly.
  7. In light of 2008 crises, the IMF proposed changing of the governance of the institutions themselves. What was this change about?
  8. What was the role of the US in the Mexican Peso Crisis?
  9. How were the structural adjustment programs in sub-Saharan African countries disappointed?
  10. How did the World Bank explain the poor record of structural adjustment programs?
  11. How did the IMF respond to the Asian Crisis of the 1990s?
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