Verified Document

Solutions To Alleviating Poverty Essay

¶ … International Monetary Fund (IMF) is an organization of 187 nations that was created after World War II for the purpose of attempting to stabilize the world economy. Its focus in this regard was on providing a monetary system that could effectively manage exchange rates between nations. At the time of its formation, exchange rates were a particular problem in the world's economy and the IMF was instrumental in establishing an effective system that allowed money to be exchanged between nations. This purpose was largely obviated in the 1970s as the system designed by the IMF following the Second World War was abandoned but at such time the IMF became involved in other financial areas. Today, the IMF is involved in three main areas of concern: surveillance, money lending, and technical assistance. As part of its surveillance responsibilities, the IMF facilitates the cooperation of its member nations so that the financial policies of one member do...

In performing this function the IMF oversees the financial policies of each member nation while at the same time keeping a watchful eye on the world economy. This surveillance activity is performed constantly and the IMF issues reports detailing its observations and issues said reports. The member nations as part of their responsibilities of membership agree to cooperate with the IMF and the other member nations in order to promote worldwide monetary stability.
In part of its lending authority the IMF periodically lends money to member nations that are experiencing actual or potential balance of payments problems. Through the use of this service member nations are able to rebuild their economies and stabilize their currencies. As a condition of receiving a loan from the IMF the member nation must agree to correct the underlying problem or problems that led to the need for the loan.…

Sources used in this document:
2. The Grameen system of banking, based on the loaning of uncollateralized monies to the poor, would be as effective in the United States as in any other nation. The "get to know your customer" kind of approach is as badly needed in the U.S. As anywhere else as there is large segment of American society that have no access to credit and Grameen provided this opportunity. The Grameen system has worked effectively in other areas of the world and is an example of why the IMF should consider becoming involved. The grass roots approach used by Grameen is more stabilizing than the broad based approach used by the IMF.

3. Studies have indicated that as women become educated and more involved in the business world they correspondingly produce fewer children. Such developments serve to assist the world in its fight against population growth while at the same time provide the framework for economic stability. A report on this phenomenon can be found in a story appearing in the Bloomberg Business Week on April 8, 2009. The story reference several examples of how improved economic conditions have resulted in decreased population growth

Warhurst, Alyson. 'Girl Effect' Could Lift the Global Economy. Bloomberg Businessweek. Retrieved on March 24, 2012, http://www.businessweek.com/globalbiz/content/apr2009/gb2009048_644459.htm.
Cite this Document:
Copy Bibliography Citation

Related Documents

Solutions to Poverty Among the Elderly
Words: 3788 Length: 11 Document Type: Capstone Project

Poverty is defined as having a meager annual income, insufficient for meeting basic expenditure. Research has confirmed that older adults, from the age of 65 years and above, when poor, confront immense burden in meeting with their basic housing, food, healthcare and other expenses. Poverty in the elderly populations is a persistent and grave issue in America. Almost 10% of elderly individuals (aged 65 years and above) belong to families

Poverty the Elimination of Poverty
Words: 2950 Length: 10 Document Type: Term Paper

Moreover, there are many other considerations that must be taken into account, any of which can obfuscate the impact of the World Bank's actions. UNESCO's perspective is less linear in its logic. Armed with a vague and shifting understanding of the antecedents of poverty, UNESCO not only has trouble measuring poverty but also has trouble drawing links between specific program actions and the elimination of poverty. UNESCO understands that broad

Does World Bank Educational Programs Help to Reduce Poverty
Words: 3096 Length: 11 Document Type: Term Paper

Poverty has always been the bane of society. In modern-day times, with the easy spread of information, poverty is even more magnified. People in wealthy areas and situations are aware of exactly how poor people are wretched areas, and, more critically, people in wretched areas are entirely aware how wealthy people in more fortunate areas. Civilizations have always had vast discrepancies of wealth -- as is indicated by every GINI study

Poverty Imbalance the Gap in America's Distribution
Words: 1659 Length: 6 Document Type: Thesis

Poverty Imbalance The Gap in America's Distribution of Wealth and the Socioeconomic Consequences The United States often characterizes itself in the context of political rhetoric and public displays of patriotrism as the wealthiest and greatest nation in the world. Unfortunately, the wide variance of living standards represented in this plurality suggests that this is an experience reserved only for those with the means. Quite to the point, the poverty that a substantial

Financial Institutions & Global Poverty
Words: 2913 Length: 8 Document Type: Essay

Secondly, the projects are diverted away from its target population because state institutions of these poor countries tend to be weak and inefficient. And in the process, we only encounter the "iron law of political economy" in which the resources that were initially allocated to the poor tend to flow towards those who possess more power because the state is inefficient in regulating these resources. Thirdly, the political dimension

Income Inequality and Poverty
Words: 1391 Length: 5 Document Type: Annotated Bibliography

Poverty and Income Inequality Introduction Poverty and income inequality draw a great deal of attention from activists, scientists, and politicians who are attempting to propose a permanent solution to these two socio-economic issues. State intervention is often anticipated in this area. There is, however, no agreement regarding the most effective instruments and techniques, as well as regarding the extent of public outlay for the sole purpose of reducing inequality and poverty. Various

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now