The IBRD was created in 1946 for two purposes: the reconstruction of Europe after WWII and for investment in the developing world. ... The International Development Association was established in 1960 to assist the world's poorest countries. ... All of the World Bank's projects go through an established cycle: 1. ... In general, this philosophy had only partial results because no spill over effect from the projects to the country's economy. ... Personally I think that James Wolfensohn will change the World Bank. ...

• Word Count: 1195
• Approx Pages: 5
• Grade Level: High School

In most cases of third world countries, outside help was needed to develop their resources. ... Africa is performing a peripheral role in the capitalist-world economy. ... The developing countries debt is financed through public agencies both bilateral and multilateral such as the World Bank who promises help in structuring the developing economy which means to prevent the destabilisation of the economy. ... In recent decades, development progress has taken place at unprecedented rates, not only in advanced economies but also in the poorer reg...

• Word Count: 1946
• Approx Pages: 8
• Grade Level: High School

" In the past few years, China was the second largest economy in the world following the United State, but in 2014, China beat the US and became the world's largest economy with $17,632 trillion as the purchasing power parity (PPP). Being the world's largest economic make people think China is a developed country. ... Hence, our research group wants to clarify that idea by providing more reliable information prove that why China is still a developing country when they are the world largest economy. ... It placed 82nd around the world. ... The adult literacy was 85.27%, and gross...

• Word Count: 1996
• Approx Pages: 8
• Has Bibliography
• Grade Level: High School