Author:
Djonlagic Dzenan,Kozaric Amra
Abstract
As more than half a century has passed since the establishment of the
international financial institutions (IMF, World Bank), this paper analyzes
the opinion that these institutions have not accomplished their mission. They
generally admit that they have not succeeded in the activities that they set
out to accomplish, a propos of gathering funds for countries faced with
economic gaps and helping them to maintain long term economic growth and
development. We show that these financial institutions have done nothing to
reduce poverty and financial disparities, to increase their own transparency,
responsibility and management, especially with the public participation of
developing countries, or to create a more effective loans system. In this
paper the main goal of research is to explore the arguments pro and contra
the strategic effect, policy, and working methodology of the international
financial institutions in view of finding a solution to the global financial
crisis and global prevalent financial problems, and also to consider the
reasons for the justification or otherwise of their being part of the global
financial system.
Publisher
National Library of Serbia
Subject
General Economics, Econometrics and Finance
Cited by
5 articles.
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