As globalization continues to expand worldwide, multinational financial institutions become more important in helping nascent economies

As globalization continues to expand worldwide, multinational financial institutions become more important in helping nascent economies. These development banks not only provide financing for intellectual assistance to infrastructure projects, but also make available access to basic education as well. For a well-rounded knowledge of international economics, it is incumbent upon the business student to acquaint themselves of these global institutions.

Assignment Steps

Resources: Suggested but not required: Vreeland, James. {2003}. The IMF and Economic Development. New York, NY: Cambridge University Press.

Search the Internet for vendors who sell this book or inquire about it with a local library.

Asian Development Bank

Develop the following in a minimum 700-word essay:

Describe its origin, organization, purpose, and tax benefits for new business.

Analyze the interaction between the selected global financial institution and the exchange rate mechanism of the foreign exchange market.

Consider these financial institutions as each team member will need to select international sources of financing for their Week 5 Final Business Plan Individual Assignment.

Format your assignment consistent with APA guidelines.