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What was economist Joseph Stiglitz's view of the IMF? Discuss the type of damages that occur...

What was economist Joseph Stiglitz's view of the IMF? Discuss the type of damages that occur other than the numbers who died in war. What are three reasons why slavery has increased in the past few decades?

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Answer #1

Economist Joseph Stiglitz criticized IMF and other international financial institutions for the following reasons:

1) IMF and similar institutions favoring the financial interests of the firms involved with IMF

2) Neglecting the role of regulating the economy

3) Favoring geo-political tensions instead of averting them.

Damages in war:

1. Economical relations between countries get strained due to which there is loss-loss situation for all.

2. Huge cost involved in fighting the war.

3. Loss of infrastructure built in nations.

4. War tensions post war involved huge cost

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