The International Monetary Fund

Firstly, sorry for doing this blogger so late.

I will talk about the International Monetary Fund this week. Actually, I have never heard IMF before. I learned some basic information about IMF from the class. This is a international organization aim to stabilize exchange rate and provide fund assistance for a country which need help."The organization's stated objectives are to promote international economic cooperation, international trade, employment, and exchange rate stability, including by making financial resources available to member countries to meet balance of payments needs."(Wikipedia, 2012) The International Monetary Fund is a helper. The global economic integration won't be successful without this organization.

Recently, about 20 countries promise increasing fund to IMF for help improving the euro zone's debt crisis. China was the one of the country promise to increasing fund to IMF. Actually, China made this decision had a reason. Europe is the one of the important trade partner with China. Chinese government cannot lose this partner without any help. In today's global economic environment, help others is help yourself.

In fact, it is good for developing country to be involved in the World Trade Organization or any other international organization. Most international organization is going to help a country to improving the domestic economy. Those kind of international organization is aim to balance the world's economy. China got a large amount of benefit after join in the World Trade Organization. China became the biggest export and import country of the world, and the GDP was increasing so quickly. On the other hand, It was extended the job opportunities for China and developed the technologic level.