Historically, the international monetary fund has been strict monetary policies and reduced government spending for developing countries that sought...

Historically, the international monetary fund has been strict monetary policies and reduced government spending for developing countries that sought aid in dealing with currency crises. Consider the wisdom of the IMF's approach. Was it effective? What possible repercussion are there to this approach? Suggest ways in which the IMF might change its approach in the future. Consider the implications of your suggestions for international business.