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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
Chapter 50: The International Monetary Fund | 653 |
nancial threats amount to blackmail of the poor nations especially
when they have no option but to comply.
After the late 1990s, some advocates of structural adjustment
such as the World Bank, have been talking of “poverty reduction” as
a goal. SAPs have been criticized for imposing the Western type of
capitalist philosophy, and the lack of involvement from the recipient
nation. Nowadays, the developing countries are now encouraged to
draw up Poverty Reduction Strategy Papers (PRSPs) with a view
of increasing the borrowing country’s involvement. These PRSPs
actually substitute the SAPs. It is believed in some quarters that the
increased involvement in the local government’s participation ...
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Publisher Resources

ISBN: 9781299446762Publisher Website