In 1997,the IMF Agreed to Provide the Thai Government with $17.2

question 81

Multiple Choice

In 1997,the IMF agreed to provide the Thai government with $17.2 billion in loans to help its shattered economy.While doing so,IMF imposed all of the following restrictions except:

• A)the government was to increase taxes.
• B)public spending needed to be cut.
• C)several state-owned businesses were to be privatized.
• D)interest rates were to be reduced.

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Definitions:

Modern Bureaucracy

A hierarchical and formal organization structure developed to manage large-scale administrative tasks efficiently, characterized by fixed areas of activity, a hierarchy of authority, and a system of rules and procedures.

Zygmunt Bauman

A Polish sociologist and philosopher who is known for his analysis of the links between modernity, globalization, the Holocaust, and consumerism.

Holocaust

The mass genocide of six million Jews and millions of others, including Roma, disabled individuals, and political dissidents, by the Nazi regime during World War II.

Late Modernity

A period characterized by significant social, economic, and technological changes, following modernity and marked by globalization, digital technology, and complex identities.