Which of the following is an argument put forth by critics of the IMF?
A)It only makes agreements with nation-states whose economies are stabilized.
B)It provides assistance only to developing nations and completely ignores the developed nations.
C)It is not powerful enough to ensure that the nation-states adhere to the rules laid down in trade treaties.
D)It promotes the rise of communism across the globe.
E)It usurps the sovereignty of nation-states by telling governments what economic policies they must adopt.

Question

Quizplus · Accepted Answer

Critics of the IMF argue that it interferes with the sovereignty of nation-states by dictating economic policies they should adopt. They believe that the IMF puts pressure on developing nations to adopt economic policies that benefit the interests of developed nations at the expense of their own national interests. This argument is often made in the context of IMF's Structural Adjustment Programs (SAPs), which require countries to implement austerity measures, privatization, and market liberalization in exchange for IMF loans.

Which of the Following Is an Argument Put Forth by Critics