At the end of World War II, several international institutions were created to manage the world economy and prevent another Great Depression. ... The IMF and the World Bank are the two dominant governance institutions in the world. ... And why have the IMF and the World Bank failed to produce as many benefits for the developing world as they imply to do so? ... Before examining the negative impacts the IMF and the World Bank have had on developing countries, it is important to note the role of both these financial institutions and what differentiates the two. ... It is important to note that ...

• Word Count: 3351
• Approx Pages: 13
• Has Bibliography
• Grade Level: Undergraduate

This was brought to a halt by the First World War and the bout of anti-free trade protectionism that led to the Great Depression in 1930. ... The end of the Second World War brought another great expansion of capitalism with the development of multinational companies interested in producing and selling in the domestic markets of nations around the world. ... The fall of the Berlin Wall and the collapse of the Soviet Union ended the cold war between the forces of capitalism and socialism with capitalism triumphant. ... The International Monetary Fund (IMF) was established in the wake of the Wor...

• Word Count: 9131
• Approx Pages: 37
• Grade Level: Undergraduate

Nevertheless, somewhat paradoxically, at no time during the post-war period has the prospect of further liberalisation generated so much global public resistance and anxiety. ... The increase of protectionism in the 1930's is also linked with the rise of fascism in Germany and the start of the Second World War. After World War II, the general attempt was towards the reinstitution of freer trade policies that would manage economies more efficiently. ... Post war trade liberalisation has brought important benefits. ... Note, that in all areas of interest, developed countries were to cut...

• Word Count: 3038
• Approx Pages: 12
• Has Bibliography
• Grade Level: Undergraduate