... employing labor in countries and regions that have less social standards and therefore lower costs of labor). An example of this situation was the very public move made by the Hoover vacuum company in moving its labor plants from Dijon to Scotland; this action spoke very loudly to the people of the European community, showing that there was much inequality in ... ...

• Word Count: 2668
• Approx Pages: 11
• Grade Level: Graduate

... countries and to provide short term capital to aid balance of payments. The IMF was also intended to help mend the international economy to prevent economic downfall, since the Great Depression. Its role has now change after the floating exchange rates post 1971. IMF examine the economic policies of countries with loan agreements to determine if a shortage of capital was due ... ...

• Word Count: 524
• Approx Pages: 2
• Grade Level: Graduate