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This paper highlights that in the first quarter of 1979, the IMF took further steps to enhance its ability to promote orderly world economic growth with reasonable price stability as a means of achieving a stable system of exchange rates. It adopted several measures designed to make the special drawing right the principal reserve asset in the world monetary system. The Interim Committee reaffirmed these aims, expressing broad support for measures that the IMF’s Executive Board has adopted, or is actively considering, in furthering these goals.
Banks and Banking --- Macroeconomics --- Money and Monetary Policy --- Production and Operations Management --- Inflation --- Macroeconomics: Production --- Price Level --- Deflation --- Education: General --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Monetary Policy --- Monetary economics --- Banking --- Education --- Labour --- income economics --- Investment & securities --- Potential output --- Income --- Production --- Prices --- National accounts --- Oil --- Commodities --- Economic theory --- Petroleum industry and trade --- United States
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This paper reviews the speech delivered by Mr. Robert S. McNamara, President of the World Bank in Geneva in an address to the Economic and Social Council of the United Nations on July 23, 1979. In McNamara’s opinion, the “massive disparities” of living standards in the world are likely to continue. For his address, Mr. McNamara drew on projections and analyses from the World Development Report, 1979, of the World Bank. Mr. McNamara also emphasized the interdependence of the developed and developing countries.
Exports and Imports --- Inflation --- Labor --- Macroeconomics --- Money and Monetary Policy --- Agribusiness --- Personal Income, Wealth, and Their Distributions --- Trade Policy --- International Trade Organizations --- Trade: General --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Price Level --- Deflation --- International economics --- Labour --- income economics --- Monetary economics --- Investment & securities --- Personal income --- Bank credit --- Exports --- National accounts --- Prices --- Agroindustries --- Economic sectors --- International trade --- Income --- Credit --- Labor economics --- United States
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