Helping members avoid serious exchange depreciations

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Helping members avoid serious exchange depreciations o Making reserves available to member nations in financial crisis, subject to safeguards and repayment Other Noteworthy International Organizations The World Bank International Development Association International Finance Corporation Multilateral Investment Guarantee Agency Common objective is to raise standards of living in developing nations Organization for Economic Cooperation United Nations o United Nations Conference on Trade and Development o Food and Agricultural Organization of the United Nations Various other organizations Economic Development – Measurement and Implications Political Economy and Economic Development The nature of the political economy affects the economic development of the country. There are additional considerations – corruption and risk (cost differences). Economic transformation is usually associated with opening a market and changing a country’s political economy. Prevailing opinion: economic progress is associated with democracy and market economies
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Christopher Reinemann
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