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http://www.study-aids.co.uk The IMF is facing a crisis of legitimacy. More and more doubt is being cast by the left wing elements in recipient countries towards the long term efficacy of borrowing from the IMF – a solution to their problems or a problem in itself? Their skepticism is not unwarranted. Has the IMF really helped the Third World repay its debts or just entrapped it in a vicious cycle of debt servicing? Many now believe the latter is true. The worsening economic growth statistics and social indicators in Third World debtor countries are indicative of the aggravation of their problems in lieu of stringent conditionality policies imposed by the Fund to make sure the loan is repaid later. ‘These policies are insensitive to the individual situations of developing countries, ideologically biased in the favor of free markets and against socialism, and tend to override national sovereignty’ (Williamson, xiii). How IMF likes to think of its policies is starkly different from ...

Introduction Psychology originally started out as a branch of philosophy but has since acquired an independent status. It employs scientific methodology in the studies of human behavior and emotions. This means that the basic scientific procedure of postulating a hypothesis and then proceeding to validate these with the use of empirical tests is the standard approach. Psychology is both an academic and practical subject. An academic subject, it studies in depth all topics under personality and related topics like social behavior and human development and emotions. As a practical subject, it carries out investigations in respect of practical problems associated with every life of a human being. Psychology draws from various fields of knowledge in analyzing psychological problems and in particular it assumes the validity of certain concepts in philosophy such as deduction, induction and abduction. It uses the concepts of deductive nomological reasoning and inductive reasoning extensiv...

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