The Fund and the World Bank tend to assume that endogenous, policy-related errors lie at the base of a nation's difficulties. In fact, exogenous difficulties are usually more of a factor....

The Fund and the World Bank tend to assume that endogenous, policy-related errors lie at the base of a nation's difficulties. In fact, exogenous difficulties are usually more of a factor. Consequently, adjustment programs fail to address the causes of an economic crisis. problems are invariably brought on by structural problems." Discuss this statement. Do you agree? why or why not?

May 18, 2022
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