MARCO+VILA+CRISTINA

http://advanced2201112.wikispaces.com/MARCO+VILA+CRISTINA

Cristina Marco Vila

Advanced 2Mon-Wed 15-17

Why Brazil and Argentinastopped listen to International monetary fund?

Brazil and Argentina worked together in order to improve his situation with the international monetary fund.There were a lot of people in Argentina that were seriously upset with the fund power and the government of the country needed to convince this people that the situation had to change.Both countries are the most debt countries in the IMF, so this organism couldn’t let them to leave the fund. The presidents of theses countries signed an agreement to protect the growth of the countries against the debt payment. They said that the international financial system doesn’t allow a sustainable development of them and must establish mechanisms to prevent financial crisis.On the one hand, they want to change the outcome of tax calculation, on the other hand Brazil an Argentina claim that public infrastructure investment is not a expense, it’s a investment. They tried to join the other countries of Mercosur in this business.The question is that International fund has a politic behaviour instead of a technical one so that, the union of several countries could change the context of the global economy.