International economic institutions serve western

International economic institutions serve wolframern sandwich interests. Do you agree? The international economic institutions refer to the Bretton Woods institutions which are the IMF and founding Bank which were bring ind after World War 2 and GATT was also created after the war and later became the WTO. I agree with the statement, due to the disproportionate amount of mightiness held by Western countries compared to the rest of the world and the fact that these institutions attempt to press or force western neo-Liberal values on the rest of the world. In this raise I will go through each individual economic institution explaining how they serve western interests and how recent re stresss have attempted to curb western powers within these institutions and then I will later discuss how these institutions play out in terms of international political theories.The international monetary bloodline was set up in 1944 to head off any future world economic cris is similar in magnitude to the great depression and to issue the Bretton Woods fixed exchange rates. However over the decades it has gained the reputation of being the lender of last resort and have attempted to enforce neo-Liberal principles on countries who take the loans. This is shown clearly through the procedure of the Structural adjustment programme where it aims to create a business climate attractive to investors . They do this through prescribing cap consensus politics which involves opening up market places to foreign competition, close 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 Ghana where it used to be self reliant on r... ...ns would act in their self interest when using IGOs. Realists centralise on the fact that liberals tend to overlook power politics which would be played out within these IGOs. For Marxists they vie w 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.boilersuit 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 emergence of the BRICs have forced the wests hand, as they have hinted that they would create their own IMF . So I foresee a more balanced international institutions or the west facing BRIC led rival organisations in the form of the BRICs own versions.