At the end of World War II, several international institutions were created to manage the world economy and prevent another Great Depression. ... Rather than helping nations build wealth and prosperity, the IMF and the World Bank provide subsidies to corrupt, and sometimes-brutal ruling elites in countries like Mexico, Russia, Argentina, and Brazil. ...
By measuring the historical intensity of international economic links, the World Bank has identified that between the two World Wars and through the Great Depression the global poverty rose strongly and inequality widened. ... Moreover, the end of the cold war and the fall of communism in 1988 precipitated the communist countries to adopt a new model of economy. The models that were in place since World War II collapsed and the laissez-faire neo-liberal capitalism became the dominant ideology. ... It was, as well, the only possibility for many countries to improve their economy: especially in...
The financial and business sections of broadsheet newspapers are continuously littered with issues concerning globalisation and meetings are frequently held by the superpowers to discuss the state of the global economy, such as the meetings in Doha in Qatar, Cancun in Mexico and the IMF summit in Dubai. ...
This will decrease conflicts and war that occur due to territorial issues. ... There are many wars that happen due to territorial issues (Frieden, Lake, Schultz, 2014). ... When nations decide to disregard boundaries drawn by history, culture, language, and religion, there will not be unnecessary tension and war. ...
MIGA facilitates the movement of private foreign direct investment to its developing member countries by providing investment insurance to foreign private investors in theses countries against political risks such as expropriation, breach of contract and war. ... In 1947 it gave its first loan to France for $250 million to finance post-war construction. ...
For example, a car could be designed in Germany, the car's silicon chips made in South Korea and the assembly of larger electronic components done in Malaysia, mechanical parts made in Mexico, the main car assembly done in Eastern Europe and the marketing, distribution and retail responsibilities going back to Germany. ...
