The IMF is like a credit union for countries. Each member makes a deposit of which 25% must be in the form of Gold or hard currency, this is called their quota. A member may receive a loan up too three times their quota amount. In an emergency the IMF could approve loans that exceed the 3X quota amount. The IMF central role is too provide policies and resources that give confidence to its members, make available emergency...
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This is the most interesting and easily read book I have ever come across dealing with issues of economic and political development. Thai politics and economics are complex and confusing. This book makes sense of the conflicting strains in Thailand and will enable even a novice to makes sense of of information from Thai newspapers. Fascinating for anyone interested in global economics or Thai culture.
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