Analysis of Policies of Bretton Woods Institutions and Their Effect on Certain Developed and Developing Countries

Following the 2008 U.S. Subprime mortgage crisis, economy of many European countries was left crippled as the financial sector of these countries intertwined with the U.S financial sector. To rescue these countries, IMF with its Bretton Woods twin i.e. World Bank and other institutions came up with Economic Adjustment Programme(EAP) which suggested some economic reforms. This paper looks at the policy measures suggested by them, to 2 Developing countries (in the form of Structural Adjustment Programme) as well as 2 Developed countries (in the form of Economic Adjustment Programme) and the impact of these policy measures on certain Economic indicators. The Developing countries taken for this paper are Pakistan and Bangladesh and the Developed countries taken for comparison with Developing countries are Ireland and Portugal.