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Business Environment, 1st Edition by Pearson
book

Business Environment, 1st Edition by Pearson

by A. C. Fernando
May 2024
Intermediate to advanced content levelIntermediate to advanced
688 pages
51h 31m
English
Pearson India
Content preview from Business Environment, 1st Edition by Pearson
| 652 |
Part VIII: The External Sector
The emergence of the IMF has been made possible by the
following developments:
(i) The end of communism and emergence of globalization : The
collapse of the Berlin Wall in 1989 and the disbanding of the
Soviet Union in 1991 facilitated the IMF to become a univer-
sal institution. It played a signi cant role in helping countries
of the erstwhile Soviet bloc transform themselves from cen-
tral planning to market-driven economies. These countries too
worked closely with the IMF gaining much from its policy
advice, technical assistance and nancial support. The sharp
rise during these years in private international capital ows
had far-reaching consequences for the IMF. The IMF tradition-
ally lent ...
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Publisher Resources

ISBN: 9781299446762Publisher Website