Theory question 107
Economic IntegrationCommerce 2 (essay)
Outline five objectives of each of the following:
(a) International Monetary Fund (IMF).
(b) European Economic Community (EEC).
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(a) IMF (any five): promote international monetary co-operation; promote exchange-rate stability; help members correct balance of payments deficits with short-term loans; encourage growth of world trade; help remove foreign exchange restrictions; set up a multilateral system of payments; give technical advice on economic policy.
(b) EEC (any five): remove tariffs and quotas among members; common external tariff on non-members; free movement of people, goods, services and capital; common agricultural policy; common transport and competition policies; raise living standards of members; promote closer economic and political co-operation.
Five objectives for each body.