The term World Bank refers to only IBRD and IDA. ... 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. ... The 11th replenishment (IDA11) will finance projects over the three years starting July 1, 1996. ... IFC investment typically ranges from $1 million to $100 million....

• Word Count: 3014
• Approx Pages: 12
• 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. ... However, this theory is criticised mostly on four basic assumptions it makes: 1. ... 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 impo...

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

The World Bank has framed education policy as a developmental issue for LDCs. ... The World Bank The World Bank is an International Financial Institution created at the United Nations Monetary and Financial Conference (so-called Bretton Woods conference) in 1944 and formally established in Washington D.C. on 27th December 1945. ... The mission of the World Bank is to reduce global poverty. ... These 8 ambitious goals are commonly described as a "roadmap for world development by 2015": 1. ... Develop a global partnership for development In this paper I will focus on education as a pr...

• Word Count: 5954
• Approx Pages: 24
• Has Bibliography
• Grade Level: Undergraduate

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? ... Legally, odious debt is debt that resulted from loans to an illegitimate or dictatorial government that used the money to oppress the people or for personal purposed " (2003, p.1). ... The lending programs that the IMF and the World B...

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

Some kind of 'cost benefit analysis' is not so easy when globalisation is perhaps the most over used and under specified concept in the international policy sciences since the passing of the 'Cold War'. ... In such a context part of the problem with understanding globalisation is the nature of the populist, sometime hysterical, discourse on the subject to be found not only in the media but also in a range of so-called scholarly texts that reduce 'globalisation' to a set of slogans to be either exhorted or demonised.1 Throughout the 1980-90s for many of its adv...

• Word Count: 9082
• Approx Pages: 36
• Grade Level: Undergraduate

Fundamentally, globalisation is about what is happening to the world today in the economic, political and cultural spheres. ... This is associated with the flow of goods, commodities, finance and capital from one corner of the world to another. ... This provides protection to domestic producers from cheap imports and acts as an impediment to development in the developing world as exporters from the developing world have to pay more to get into western markets. Multiple barriers in the world trading system have dragged down export growth of developing nations. Industrial countries charge on ave...

• Word Count: 3797
• Approx Pages: 15
• Grade Level: Undergraduate