James A. Leach: “The IMF, historically, was established in theory before the end of…”

On the recordApril 23, 1998

The IMF, historically, was established in theory before the end of World War II and, in fact, right after the war to deal with the causes of war, the causes of depression. The rationale for the creation of the IMF is very much alive today and is symbolized in a circumstance in a part of the world that has fought three wars in the last 60 years. It is in the interest of the United States of America to stabilize the economic turmoil in Asia. It is in the interest of the United States economy to stabilize the circumstance in Asia and ensure that it does not widen and deepen in terms of a gulf of economic recession spreading from one region of the world to another.

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James A. Leach

Iowa

Source

govinfo.gov

Editor's note · Context

Discussing the importance of the IMF in stabilizing economic turmoil in Asia.

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James A. Leach: “The IMF, historically, was established in theory before the end of World War II and, in fact, right after the war to…”

Editor's note · Context