The International Monetary Fund

Introduction

In this essay we are going to critically analyze the International monetary fund (IMF) from the perspective economic nationalist IPE approach. First of all what is IMF ¬? International monetary fund was founded 60 years ago, after the World War II. The founders meant to construct a structure for economic support and help that can prevent the repetition of the terrible economic policies that led to the Great Depression of the 1930s and the global conflict that followed. Countries were trying to build back their economy after the world war, and needed a neutral international organization to monetary the economy.

The IMF provides a plan guidance and financing to its members who are in economic difficulties and also works with emergent nations to help them reach economic stability and decrease scarcity. IMF policy assumes countries should stick to free trade, but not all countries benefit from free trade .IMF aims to pack up international trade, which is required for stability of goods services in the free trade. A state should have general free trade philosophy. We are also going to discuss how IMF’s decision affects member states that makes decisions who has the most power or most votes.

Background.

The IMF provides a plan guidance and financing to its members who are in economic difficulties and also works with emergent nations to help them reach economic stability and decrease scarcity. IMF policy assumes countries should stick to free trade, but not all countries benefit from free trade .IMF aims to pack up international trade, which is required for stability of goods services in the free trade. A state should have general free trade philosophy.

The IMF three main tasks are to in the internationa...

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...fficulties to have economic or political power in the world. Moreover if that country is in the IMF, there is a system to check all the IMF member countries’ economics therefore if that country has the serious economic problems or its national economics does not work anymore, the IMF can help to solve that problem. Hence the idea of Economic National Perspective about trading and the globalization is not good in the recent world, because the globalization is the key in the world economics and politics. It is very important keep the balance between national industries and imports, because if there are too many imports in the country, there will be some problem in hiring because the national industries would be difficult to compete with cheap import products. Because of these reasons, refuse to trade and be in the globalization is not good.