November_17 - The World Bank and IMF Role and Consequences...

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The World Bank and IMF: Role and Consequences World Bank Purpose o Established after WWII o Redevelopment Europe o Promote development 3 rd world Policies o 1945- 1980: project lending Building dams, constructing infrastructure o 1980- present: structural adjustment International Monetary Fund Purpose o Maintain international financial stability Policies Providing countries w/ foreign currency shortfalls financial assistance 1945- late 1970s Keynesian economic framework o Maintain domestic demand 1980- present Neo- liberal approach o Reduce spending, maintain fiscal balance How to raise money in order to give money: o If receive money, must pay back in small amounts The Human Rights Effects of World Bank Structural Adjustment, 1981-2000 Argument Reframe existing debate Existing work posits Uni- directional relationship Our argument posits systemic relationship: Need to model determinants of SAA(structural adjustment agreement) Receipt
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