Assignment:
"International Finance" Answer the following:
- The IMF and World Bank are the world's two leading lending institutions, but much of their monetary assistance disappears once it enters the banking systems of developing countries. Cite concrete evidence that supports the assertion that much assistance to developing countries is simply stolen by officials. Determine other main factors that account for the misuse of these funds.
"Institutions" Answer the following:
- Every country in the world is constructed around the same set of institutional frameworks that differ only in how governments manage them. Identify the specific components of an institution. Next, use two examples of institutions-such as a financial system, a judicial system, or the armed forces-to illustrate what developing countries overall have done to weaken or strengthen such institutions.