Nobody downloaded yet

To what extent can there be a coordinated international effort to promote development or is development something that must occur from within What role should the US, the UN and the World Bank/IMF play in it - Essay Example

Comments (0) Cite this document
Summary
WHAT ROLE SHOULD THE US, THE UN AND THE WORLD BANK/IMF PLAY IN IT?
The dynamics of economic development depend greatly on certain…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.7% of users find it useful
To what extent can there be a coordinated international effort to promote development or is development something that must occur from within What role should the US, the UN and the World Bank/IMF play in it
Read TextPreview

Extract of sample "To what extent can there be a coordinated international effort to promote development or is development something that must occur from within What role should the US, the UN and the World Bank/IMF play in it"

Download file to see previous pages My aim in this paper is to discuss some of the main factors affect development and how they can be tuned to optimize the outcome of their impact geared towards development.
The International relations that exist between states or nations could very easily determine the economic development of the individual states or nations. The way a state or nation relates with other states or nations is in turn influenced by the approach adopted by the regime based on certain theories. I would like to highlight some traits in the following theories that I find economically-developing.
Liberalism, founded by Immanuel Kant and Adam Smith, argues that human nature is based on needs but can further be improved through education. It is generally assumed that international interaction is based on morality, law and international organization. The practicing state is more interested in long-term mutual gain over short-term individual gain and is based on community and cooperation. Liberalism mainly favors justice and human rights.
Neo-liberalism, which pushes for involvement of international institutions (such as the UN) in conflict resolution. Some neo-liberalist theorists were; Robert Keohane, Hernando de Soto, Wilson Woodrow and Joseph Nye.
In my opinion, incorporation of these two theoretical ideologies in the governance of a state or nation should yield positive development in the economic sector as it creates a conducive and fair environment for conducting of both individual and international trade; it also gives equal opportunities to all members of the nation to grow economically in peace and thus resulting to an over-all impact on the nation’s economy. I therefore conclude that that the economic development of a nation, in relation to this, is influenced by both international cooperation and by internal effort to promote adept governance.
Since the dawn of any sort of human civilization, one of the key factors in enhancing any sort of development is security. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“To what extent can there be a coordinated international effort to Essay”, n.d.)
To what extent can there be a coordinated international effort to Essay. Retrieved from https://studentshare.org/macro-microeconomics/1677743-to-what-extent-can-there-be-a-coordinated-international-effort-to-promote-development-or-is-development-something-that-must-occur-from-within-what-role-should-the-us-the-un-and-the-world-bankimf-play-in-it
(To What Extent Can There Be a Coordinated International Effort to Essay)
To What Extent Can There Be a Coordinated International Effort to Essay. https://studentshare.org/macro-microeconomics/1677743-to-what-extent-can-there-be-a-coordinated-international-effort-to-promote-development-or-is-development-something-that-must-occur-from-within-what-role-should-the-us-the-un-and-the-world-bankimf-play-in-it.
“To What Extent Can There Be a Coordinated International Effort to Essay”, n.d. https://studentshare.org/macro-microeconomics/1677743-to-what-extent-can-there-be-a-coordinated-international-effort-to-promote-development-or-is-development-something-that-must-occur-from-within-what-role-should-the-us-the-un-and-the-world-bankimf-play-in-it.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF To what extent can there be a coordinated international effort to promote development or is development something that must occur from within What role should the US, the UN and the World Bank/IMF play in it

THE IMF AND WORLD BANK

...“…an organization, one dedicated to public service” (Webster’s College Dictionary, 1996, p. 360). In “Interview with Joseph Stiglitz (2000)”, by Lucy Komisar, Joseph Stiglitz – member and chairman of the President’s Council of Economic Advisors – “cautioned against free market ‘shock therapy’ (Komisar, 2000, p. 1). In 1997, he became chief economist of the World Bank and often criticized the IMF and US economic politics…”peers assumed he will win a Nobel Prize” (p. 1). “I spoke with Stiglitz several times in April. He was generous with his time, unpretentious, and genial…” (p. 1). Stiglitz purposively states, “…The world needs an...
5 Pages(1250 words)Essay

October 2007 IMF-World Bank Annual Meeting

...- Shamsuddeen Usman - emphasized that the developing countries need a greater voice and representation in the two institutions, and the greater voice would come only through the quota arrangements. He called for "at least a tripling of the basic votes for the developing countries, and the other quota and voice reforms, especially using GDP but measured according to the PPP". He urged IMF to identify suitable Africans and get them into the higher echelons of the institution. Responding to this, IMF and the World Bank announced some reforms or changes in their policies: Governance. The IMF Executive Board...
4 Pages(1000 words)Essay

The role of the IMF & World Bank

...Understanding The Changing Role Of The World Bank And The International Monetary Fund And How They Evolved To Go With The Changing Times I. Introduction World Bank and the International Monetary Fund (IMF) are two of the most important organizations that helped shaped and strengthen the international relations of nations. They focus on stabilizing the international financial scene and helping nations achieve sustainability in terms of development. In the globalization era, the World Bank and the IMF...
10 Pages(2500 words)Essay

UN Millennium Development Goals

...Gender equality and empowering women is one of the most important goals of the Millennium Development Goals because ensuring gender equality is the very basic requirement for the eradication of poverty, hunger and disease. Since women make up almost half of the population of the world, achievement of MDGs is not possible without the empowerment of women. According to the targets the gender disparity in primary and secondary education should have been removed by 2005 and gender disparity in all other types of education must be removed by 2015. Considerable progress have been achieved with regards to gender equality in primary and secondary education and most regions of...
2 Pages(500 words)Essay

UN Millennium Development Goals

...Environment Program through legislation in all kinds of industries and thus the emissions have been considerably cut down in recent times. Environmental Sustainability is not much of an issue in UAE because of proper planning and large financial resources available for development; however forestation and emissions cut down are some areas which can still be improved through correct policy making. References UAE Ministry of Economy, & UNDP UAE. (2007). Millennium Development Goals: United Arab Emirates Report. United Arab Emirates Ministry of Economy Publications. UNEP. (2008). Africa: atlas of our changing environment. United Nations Publications. United arab emirates yearbook. (2006)....
2 Pages(500 words)Essay

IMF & World Bank Regulations versus Domestic Politics

...by the Government of Pell Qualify for a World Bank Loan? If so, which type? What are the Political Limitations and Challenges Pell Faces in Getting Approved? The government of Pell has mentioned the possibility of improving its infrastructure in the country, thus the World Bank under International Bank for Reconstruction and Development (IBRD) will grant Pell some financial assistance which will enable it to continue with the stated projects and also they will provide technical assistance in their projects. Pell was to formulate its money adaptable to US dollars quickly but the course did not happen...
1 Pages(250 words)Assignment

The IMF and the World Bank

... in accordance to the Rapid Financing Instrument lately introduced. The World Bank gives loan at low interest rate and grants to developing countries to invest in health, education and infrastructure. Its major goal is to bridge the economic gap between rich and poor countries. It aims at reducing poverty in poor countries at the expense of richer countries (Fund 2012). The IMF is doing a lot to change the economic situations of different countries. Through its roles, capital markets across the word are becoming integrated by allowing capital flow across international borders. The product markets are being integrated through IMF support of international trade. As a multilateral organization, IMF is helping countries to abandon... ...
2 Pages(500 words)Essay

UN Millenium Development GoalsFinal Project

...July 29 UN Millennium Development Goals: Final Project Millennium development goals were established following the millennium summit of the United Nations. It was held in the year 2000. All nations attended the summit in which they adopted the United Nations millennium declaration. Around twenty-three international organizations were involved in the commitment to help achieve the goals by the year 2015. The goals have specific targets and timeframes for achieving these targets. To fuel the progress, experts from the World Bank, IMF, OECD, were called upon to provide the indicators of development that is...
6 Pages(1500 words)Essay

Compare the IMF and the World Bank

...The IMF and World Bank Compare the IMF and the World Bank Introduction Both the World Bank and the international monetary fund (IMF) are United Nations institutions. These two institutions have a common goal which is to raise and improve the living standards in their member states. However, although their approaches towards this objective are different, they are complementary on a broader spectrum. As such, whereas the World Bank focuses on poverty reduction and long term economic development, the IMF...
4 Pages(1000 words)Essay

Funds for Economic Development role of IMF and World Bank

... to intervene. Rather, IMF may only influence the policies of third world poor and developing countries, which obtain IMF loans and thus have to obey the conditions (harsh of course) such as eradication of subsidies, electricity price hikes etc. Nevertheless, the Asian countries blamed that IMF lost its value and authenticity in 1997 when there were financial crises that led to closures of industries in Malaysia and Japan. Hence, the Asian nations do not agree with the argument to let IMF play a major role and control international monetary framework (Chowla, 2009). Business Model: The current international monetary system uses the IMF and World Bank supported business model that focuses heavily on free market enterprise system... of...
12 Pages(3000 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic To what extent can there be a coordinated international effort to promote development or is development something that must occur from within What role should the US, the UN and the World Bank/IMF play in it for FREE!

Contact Us