International-Finance

IMF Structural Adjustment Policies Implemented in Asian Economies

1997-10-24 00:00:00 +0000 UTC | Importance: 9/10

The IMF mandates comprehensive structural adjustment policies for affected Asian countries, including Indonesia, South Korea, and Thailand. These policies involve privatization, trade liberalization, and financial deregulation, fundamentally transforming local economic structures to benefit …

IMF World Bank McKinsey & Company Goldman Sachs Indonesian Government +1 more structural-adjustment economic-intervention privatization corporate-capture international-finance

William Simon Establishes Petrodollar Recycling System

1974-07-01 00:00:00 +0000 UTC | Importance: 9/10

US Treasury Secretary William Simon negotiated a pivotal agreement with Saudi Arabia that established the petrodollar recycling system, fundamentally reshaping global monetary dynamics. Simon convinced Saudi Arabia to sell oil exclusively in US dollars and invest oil revenues in US Treasury bonds, …

William Simon Ahmed Zaki Yamani Richard Nixon King Faisal Henry Kissinger +2 more petrodollar-system monetary-policy oil-politics financial-system international-finance