1. According to Stiglitz (on blackboard), the policies of the IMF after the financial crisis in East Asia, made the crisis worse, deepening and prolonging the economic damage to the effected countries. What were some of the IMFs policies? How did they worsen the economic damage?
2. In the last 15 years, Bangladesh has seen rapid industrial development and export growth, mostly in the garment industry. According to the readings and class notes, (a) working conditions, industrial accidents and wages are among the worst in the Asia. Discuss. (b) Nevertheless, social conditions mostly exceed those in the rest of South Asia and have improved dramatically over the years, in large part because of NGOs. Discuss.
3. For a poor country at a very early stage of industrial development, indicators of social welfare rival or exceed those of China, while working conditions are similar to those in far more advanced countries. Discuss and provide some data and examples.
The economic growth that was experienced by Southeastern Asia countries during the 1980s and early 1990s is placed those countries in international economic limelight that is today still regarded as a miracle the rapid economic growth witnesses saw very little cases of unemployment and the gap between the rich and the poor really narrowed. Hover towards the end of 1997, Southeast Asia experienced a time of great financial and economic challenges that can be felt to date. Therefore, there was the need for IMF to rescue the situation. This paper will thus interrogate the polies that were employed by IMF and other pertinent concerns that has come so far with it.