04-13-2010_Economic_institutions_and_poverty_for_moodle

04-13-2010_Economic_institutions_and_poverty_for_moodle -...

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Economic institutions and poverty 13 April 2010 Pol 1025.001 1
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Announcements Paper assignment changed due date: April 27 (Tuesday) in class (previously 4/20) 2
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Brief review IPE’s central question: what drives and explains events in the world economy? Key events: Bretton Woods (1944-1971): avoid depression, rebuild Europe 1970s: oil shocks, new protectionism Post-Cold War: expanded trade liberalization; growing importance of China, India, Brazil, and others 3
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Key Institutions International Monetary Fund (IMF): Founded 1946, designed to facilitate international monetary cooperation Exchange rates, assistance for balance of payment problems Since 1980s, bigger role in financial and technical assistance with conditionality Structural adjustment and debt repayment Based in Washington, DC; 2,300 staff Funds through issue of bonds, loaned in more than 100 countries (to all member states). Membership 4
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Key Institutions World Bank (WB)
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04-13-2010_Economic_institutions_and_poverty_for_moodle -...

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