Unimaginative vision of existing international economic structures

Other Names:
Inadequate solution-oriented images of the global economic situation
Existing international monetary structures such as the World Bank and the International Monetary Fund have been effective in fostering certain limited national development. However, considering the global situation as a whole, the effectiveness of these structures is restricted. They are dominated by the most powerful nations, as membership is based on each nation investing capital in proportion to its economic solvency. It then participates in proportion to the amount of that capital. Also, the flow of currency is directed to a limited number of specific development objectives within member nations.

Overall images of the global economic system are limited, and even well-informed persons find their reasoning unclear when they confront the question of the system of world distribution of goods and services.

Related UN Sustainable Development Goals:
GOAL 8: Decent Work and Economic GrowthGOAL 16: Peace and Justice Strong Institutions
Problem Type:
F: Fuzzy exceptional problems
Date of last update
04.10.2020 – 22:48 CEST