The essay should have three pages and should address the following questions. Please use the Book – Pugle 16th edition Chapter 21 of the text and the two PDFs from Stiglitz, Chp4 and Stiglitz, Chp8 to answer the questions. Please cite the resources with ” ” () in the essay. If you paraphrase the sentences please have () cite in the back of the sentences. I do not want to be noted plagiarized for this assignment.
One more thing, My professor mentioned using class notes and the Book resources to complete this assignment. I do not know how to cite the class note if needed. If you think the class note is useful, and you know how to cite. Please do it.
1. Explain –
Beginning in the 1990s, a number of countries experienced financial crises that led to extreme currency depreciation followed by deep recessions. In Mexico, Argentina, Thailand, and others, the crises involved hard pegs, capital account liberalization, foreign currency borrowing, and contagion.
2. How, according to Stiglitz (provide specifics)?
In the book Globalization and Its Discontents, economist Joseph Stiglitz looks in depth at the events in East Asia and contends that IMF intervention worsened the East Asian financial crisis of the late 1990s.
3. What, according to Stiglitz is the IMF’s other agenda?
Stiglitz also argues that the IMF as another agenda besides its stated agenda of promoting stability and growth in LDCs. What does he mean by this?
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