Avec Exploring Economics, nous renforçons une science économique plurielle et des approches économiques alternatives.
Malheureusement, nous manquons d'argent.
Avec une petite contribution, tu peux aider Exploring Economics à rester en ligne. Merci!
Nous sommes une organisation à but non lucratif enregistrée | Compte bancaire: Netzwerk Plurale Ökonomik e.V. DE91 4306 0967 6037 9737 00 GENODEM1GLS | Mentions légales
This essay provides a short overview of the history of the IMF, namely how it changed due to Richard Nixon's 1971 decision to remove the dollar from the gold standard. Specifically, it concerns how the role of the IMF changed for the global north and for the global south, as the institution was still dominated by western countries that stopped needing it until the Great Recession. In contrast, many developing countries continued to rely on IMF loans, without having the power to influence its policies. The text also talks about how South Africa was affected by the decision, as the world's largest gold producer at the time.
Go to: Nixon’s decision to delink the dollar from gold still hounds the IMF, South Africa and Africa