On a global scale, the policies of the International Monetary Fund and the World Bank
A)increase local consumption in a country, instead of exportation of their products.
B)are designed to protect natural resources, such as forests and minerals.
C)reduce exploitation of labor by foreign corporations.
D)pressure the developing countries to serve foreign investors at the expense of the local economy.

Question

Quizplus · Accepted Answer

The International Monetary Fund and the World Bank often promote policies that encourage developing countries to open their economies to foreign investment. This can lead to prioritizing the interests of foreign investors, sometimes at the expense of local economic development and self-sufficiency. These policies can include structural adjustment programs that advocate for export-oriented economies, which might not always align with the best interests of the local population or economy.

On a Global Scale, the Policies of the International Monetary