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PSIR Optional PYQ Solutions · Model answer

How are the rising powers challenging the USA and Western dominance in the IMF and the World Bank?

  • UPSC 2019
  • 20 marks
  • Evolution of the International Economic System

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Western primacy in the Bretton Woods twins is written into their constitutions. The United States holds about 16.5% of IMF votes where the gravest decisions need 85%, a veto no one else has, and a 1946 gentleman's agreement gives the Fund a European head and the Bank an American one. Emerging and developing economies produce…

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PSIR Optional PYQ Solutions

PSIR Optional PYQ Solutions

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