POS Week 8

POS Week 8 - 1 POS360 Week 8 NEO-LIBERALISM AND DEVELOPMENT...

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POS360 Week 8 NEO-LIBERALISM AND DEVELOPMENT POST WWII I. BRETTON WOODS SYSTEM (REVIEW GREIG, CH. 4 PP. 71-72) A. BRETTON WOODS CONFERENCE, 1944 B. INTERNATIONAL MONETARY FUND (IMF) : TO STABILIZE NATIONAL ECONOMIES. - SHORT TERM LOANS FOR BALANCE OF PAYMENTS PROBLEMS - (INCOMING AND OUTGOING FUNDS FOR A COUNTRY AS A WHOLE - “ADVICE” ON ECONOMIC ISSUE:CONDITIONALITY AND STRUCTURAL ADJUSTMENT - LONG TERM PROBLEMS WITH BALANCE OF PAYMENT – SIGNALS SOMETHING WRONG WITH THE COUNTRY’S ECONOMY – IMF LOANS MONEY UNDER SPECIFIC CONDITIONS - VOTING STRUCTURE BASED ON CAPITAL - US HAS ABOUT 17% OF THE VOTE. C. WORLD BANK (INTERNATIONAL BANK RECONSTRUCTION AND DEVELOPMENT, IBRD) – ORIGINAL PURPOSE: LARGE SCALE RECONSTRUCTION IN NOW FOCUSED TO AID THIRD WORLD COUNTRIES IN ECONOMIC DEVELOPMENT -WORLD BANK GROUP: 1) IBRD 2) IDA (INTERNATIONAL DEVELOPMENT ASSOCIATION): CONCESSIONAL LOADS TO LOW-INCOME COUNTRIES - 4 MAIN ROLES: 1. DOMINANT NON-PRIVATE LENDER TO DEVELOPING COUNTRIES 2. HIGHLY INFLUENTIAL GENERATOR OF RESEARCH ON DEVELOPMENT GATHER KNOWLEDGE AND DISSEMINATE KNOWLEDGE ON A GLOBAL SCALE 3. TECHNICAL ADVICE: E.G. ENVIRONMENT, GOVERNANCE 4. INFORMAL RATING AGENCY FOR BI-LATERAL DONERS 1
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SOLICIT INFORMATION FROM THE WORLD BANK IF SAY THE US WOULD LIKE TO GIVE A LOAN TO NIGERIA (EXAMPLE ONLY) * BANK ONLY LENDS TO IMF MEMBERS D. GATT – GENERAL AGREEMENT ON TARRIFS AND TRADE
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This note was uploaded on 04/30/2011 for the course POS 360 taught by Professor Doty during the Fall '10 term at ASU.

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POS Week 8 - 1 POS360 Week 8 NEO-LIBERALISM AND DEVELOPMENT...

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