INT 220 Module 4 Discussion Post

docx

School

Southern New Hampshire University *

*We aren’t endorsed by this school

Course

INT 220

Subject

Economics

Date

Feb 20, 2024

Type

docx

Pages

Uploaded by CommodoreMouseMaster571

When should a government, economy, or country be bailed out, if ever? Justify your answer with specific examples and how the bailout or lack of bailout would impact the global economy and the future of globalization. I think a government should be bailed out when there are unforeseen circumstances beyond their control. Greece is the example used in our course materials. Greece borrowed heavily to host the Olympics, an event the world participates in, and then the world had an economic crisis, jeopardizing Greece’s ability to pay back it’s debt. Given it is a member of the European Union, their financial well- being is tied to 27 other countries’ financial well-being. If Greece collapses, then it brings a lot of other countries down with it. It was important and right for the IMF to bail Greece out, and then assisting again a few years later. Is it ethical for the IMF to bail out countries that repeatedly make bad economic and fiscal decisions? Is it ethical for the IMF to have significant requirements attached to its loans? I think for the most part, it is ethical for the IMF to repeatedly bail out countries with the caveat that said country is being bailed out multiple times because of forces outside of their control. If a country is repeatedly fiscally irresponsible, it makes no sense to throw good money after bad. As far as requirements attached to the IMF loans? I think it’s perfectly reasonable. How else can the IMF insure they’ll be repaid? Any person on the street that borrows from a financial institution are subject to terms and conditions, why should countries be any different? What lessons should be learned from the Greek debt crisis for countries with debt obligation issues and for organizations such as the IMF?

Discover more documents: Sign up today!

Unlock a world of knowledge! Explore tailored content for a richer learning experience. Here's what you'll get:

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

Related Documents

Quiz 2, Chapter 8.docx

Quiz 7 and 8.pdf

MKT421 Week 4 Test.xlsx

Excel HW 3 Bruin Ski Package Distribution Plan FORMAT.xlsx

Marco HW.pdf

INT 220 Module 3 Assignment.docx

WSJ Example .pdf

Module 1 Discussion Post.docx

ECO 201 Module 8 Project - Economic Simulations.docx

Module 3 Discussion.docx

Module 6 Discussion.docx

Intl 220 Quiz 8.docx

Recommended textbooks for you

Economics:

Economics

ISBN:9781285859460

Author:BOYES, William

Publisher:Cengage Learning

Economics Today and Tomorrow, Student Edition

Economics

ISBN:9780078747663

Author:McGraw-Hill

Publisher:Glencoe/McGraw-Hill School Pub Co

Economics (MindTap Course List)

Economics

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Cengage Learning

Macroeconomics

Economics

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Cengage Learning

Microeconomics

Economics

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Cengage Learning

Microeconomics: Private and Public Choice (MindTa...

Economics

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:Cengage Learning

SEE MORE TEXTBOOKS

Recommended textbooks for you

Economics:
Economics
ISBN:9781285859460
Author:BOYES, William
Publisher:Cengage Learning
Economics Today and Tomorrow, Student Edition
Economics
ISBN:9780078747663
Author:McGraw-Hill
Publisher:Glencoe/McGraw-Hill School Pub Co
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Macroeconomics
Economics
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Cengage Learning
Microeconomics
Economics
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Cengage Learning
Microeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning