The US Should Leave the International Monetary Fund

Alright, lets get started.I will lay my major arguments out in this round.First, I would like to point out that the resolution "the IMF is bad" and "the US should leave the IMF" are too very different claims made by PRO, but he only addressed the first one.I will be providing counter arguments for BOTH resolutions. To say that the IMF has no beneficial effects and not look at their history is clearly not the way to go, therefore I will be giving concrete examples of the past where the IMF has helped the world community. Turkey- in 2001, the IMF put a strict plan onto Turkey. Turkey, on the contrary of some other countries, chose to strictly implement this plan, and in May of last year, it was repaid fully. It has been accredited as a the primary reason Turkey is now a great economic performer, much to the contrary how it's economy looked before the IMF stepped in. (http://www.hurriyetdailynews.com... Argentine- "The Argentine economy has grown 94 percent for the years 2002-2011, using International Monetary Fund projections for the end of this year." This statement epitomizes what the IMF was able to do for Argentine. Un-employment has been drastically cut down from nearly half the population, to just 8% now, and poverty has reduced to about just one seventh of the population being impoverished, to the contrary, it was one half at it's peak. Clearly, it would not have been such a success story without the IMF loaning billions of dollars, which the country has been actively repaying for the last couple of years, and fully repaved it in 2006. (http://www.cepr.net..., http://en.wikipedia.org...) Jordan- In the period of 1993 to 1999, Jordan had received significant funds from the IMF, which it used to improve living standards, gain free trade rights and increase economical opportunity's. Then, in 2004, Jordan was able to work itself again without reliance of IMF funds, and now has a sustaining economy with a GDP increase of 4.5 percent in 2011. (http://www.worldpress.org...) The list goes on, and many more success stories can be reiterated, but let me stop here, to make a point. The IMF has, and has shown it's great potential of bailing out devastated economy's and bring them to rising economic powers in modern day. Now obviously, this is not how every IMF story has gone, but painting the IMF as demonic, without looking at the big picture is the obvious wrong way to go. On a smaller note, the IMF a few days ago has offered financial aid to the Ukraine, in response for their call for help needing more then $35 billion dollars. The Ukraine plans to invite these plans and welcomes any non Russian aid. (http://www.zerohedge.com...) __________________________________________________________________________________________________________________________________________ Now having prove the IMF to have mostly positive impacts, I will address the fact that the US should not leave the IMF. The US has in fact caused and contributed to many of the problems the "IMF" has caused, in quotes here since it is obviously the US responsibility here. For example, the "countries are fed up with the United States' failure to ratify a four-year-old deal to restructure the emergency lender." The deal would actually take away voting rights from western European Countries and the US, and give them to the new emerging economic powers. So the reason that the IMF is unbalanced and makes sure that only superpowers get a voice IS BECAUSE the US inability to make progressive changes and ratify this deal. "The IMF cannot remain paralyzed and postpone its commitments to reform." On this statement, the US is being threatened by the potential of losing veto rights. Also, some of the new economic superpowers, Brazil, Russia, India, China and South Africa, are actively planning an alternative to the IMF. The BRICS are now in active conversation over this idea, and it may happen if the US fails to ratify the deal by the end of the year. (http://www.zerohedge.com..., http://www.theglobeandmail.com...) So not the US is looking like it is leaving anytime soon, but the BRICS nations may, due to the US's inability to progress and give smaller economies a voice.