Globalization

Globalization

Since most of the problems in the third world or developing countries are mostly about poverty , people from this class should be really given priority since they are the ones who are really in need and one of the factors hindering the country 's progress . Doing trade by bottom up approach ' could help those people in need to develop their ideas . If this kind of process will be done in the United States especially in the rural cities and the inner populations , the idea of being helpless could be lessened since

people who are really in need are given priority in this kind of method . IMF should not only reach out to the middle wealthy class but also to the poor . Since the poor are the people in need , they should also be given aid so that through helping them poverty could be reduced and these poor people could help in developing the country . If I am a politician , I will also adopt the system of the Grameen Bank provided that , there should be an existing output from their credits . This means that the money that will be owed from my banking system should go to a long-term purpose wherein it could really help the family . If I were to adopt a system for both developed and developing countries , I will use the system of IMF . Since IMF 's priorities are applicable on both developing and developed countries like provide advice to its members regarding economic conditions and suggests to them different economic policies , financing the needs of country members when they are having payment problems . Lastly , they provide technical assistance ad trainings for the population of country members so that they could enhance their expertise when it comes to their economic growth . I think , there is no need for modification in the system of IMF since it could provide most of the needs of both developing and developed countries . Since the aim of the Grameen Bank is to lift the poor families from poverty by doing micro credits , they also helped in making families from developing countries produce fewer children by making the families , especially the women , to focus on their small businesses

Works Cited

Grameen Bank . 1998 . 13 April 2008

International Monetary Fund . 2006 . 13 April 2008...