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One of the conditions the IMF imposed on South Korea during the 1997 financial crisis (as explained in the case we read about this crisis)
One of the conditions the IMF imposed on South Korea during the 1997 financial crisis (as explained in the case we read about this crisis) was that South Korea would need to remove restrictions on foreign direct investment. According to the IMF's own Embedded Liberal view, why did the IMF impose this condition on South Korea? Group of answer choices This would bring in more foreign direct investment into South Korea, which would stabilize the country's balance of payments and help maintain stability of its exchange rate This would help foreign investors from the G-5 nations (U.S., UK, Germany, France and Japan) exploit South Korea by buying up cheap assets, such as Korean Air Lines, at bargain basement prices. The purpose of this action was to help corporate interests in the G-5 nations - even if this hurt South
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