Asked by Cierra Mahone on May 31, 2024
Verified
During the 1990s,the importance of the International Monetary Fund increased due to
A) the United States choosing to join in 1989.
B) its success in producing massive economic growth in China.
C) the United States' victory in the Persian Gulf War.
D) its efforts to reform communist countries and bring them more fully into the
Global capitalist economy.
International Monetary Fund
An international organization designed to foster global monetary cooperation, secure financial stability, and facilitate international trade.
Global Capitalist Economy
An economic system characterized by private or corporate ownership of capital goods, operating globally and influenced by market forces.
Communist Countries
Nations that practice or claim to practice a system of government based on the collective ownership of property and the organization of labor for the common advantage of all its members.
- Analyze the contribution of worldwide bodies and agreements (like the United Nations, NATO, IMF) to the political and economic fabric on a global scale.
Verified Answer
DM
David McIntoshMay 31, 2024
Final Answer :
D
Explanation :
During the 1990s, the International Monetary Fund played a significant role in assisting former communist countries in transitioning to a more capitalist economy. This increased the importance of the IMF as it helped to bring these countries more fully into the global economy. Additionally, the IMF provided financial assistance to countries experiencing economic crises, further increasing its importance during this decade. The other options (A, B, and C) are not accurate reasons for the increased importance of the IMF during the 1990s.
Learning Objectives
- Analyze the contribution of worldwide bodies and agreements (like the United Nations, NATO, IMF) to the political and economic fabric on a global scale.