International economic institutions serve western

International economic institutions advert Hesperian interests. Do you agree? The international economic institutions refer to the Bretton woodland institutions which are the IMF and World Bank which were created after World War 2 and GATT was also created after the war and later became the WTO. I agree with the statement, repayable to the disproportionate amount of power held by Western countries compared to the rest of the serviceman and the fact that these institutions attempt to press or force atomic number 74ern neo-Liberal value on the rest of the macrocosm. In this essay I will go through each individual economic institution explaining how they serve western interests and how recent reforms pass on attempted to curb western powers at heart these institutions and hence I will later discuss how these institutions play out in terms of international political theories.The international monetary fund was come up in 1944 to head off any future world economic crisis similar in magnitude to the great depression and to take away the Bretton Woods fixed exchange rates. However over the decades it has gained the record of being the lender of last resort and have attempted to levy neo-Liberal principles on countries who take the loans. This is shown terminately through the procedure of the Structural try-on programme where it aims to create a business climate attractive to investors . They do this through prescribing Washington consensus politics which involves opening up markets to foreign competition, closemouthed down unprofitable markets reduce public expenditure and privatisation programmes. This has served western interests as this opens up new market for western countries to exploit, as shown in gold coast where it used to be self reliant on r... ...ns would act in their self interest when using IGOs. Realists focus on the fact that liberals escape to overlook power politics which would be played out within these IGO s. For Marxists they view the failure of IGOs to spread wealth equally as the failings of the capitalist system where only the rich can gain and by allowing the poor to stay poor due to the greed of capitalism.Overall it is clear that in the past and currently the west have dominated the international financial institutions in order to serve western interests. However the west have started to lose grip of all three of these institutions as the take of the BRICs have forced the wests hand, as they have hinted that they would create their own IMF . So I foresee a to a greater extent balanced international institutions or the west facing BRIC led advert organisations in the form of the BRICs own versions.