CBSE Notes, Lectures

CBSE - Civics - Democracy in the Contemporary World

Democracy in the Contemporary World

Short Answer Type

Do you think that the functioning of IMF is really democratic? 

1. The functioning of the IMF can be stated as non democratic.

2. Its 185 member states do not have equal voting rights.

3. The top ten countries have over fifty four percent of the voting power in the IMF.

4. The remaining 175 countries have very little say in its functioning and decision making.

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