Aid for Donor Interests Essay

First, I will explain the role of empowered institutions and countries in limiting the economic activities of developing countries, impeding on their ability to survive. Afterwards I will explain the obligation people in privileged positions have to improve the lives of those in compromised positions, at a certain degree of self-sacrifices. Finally, I will critically analyze and disprove the counter argument, which attempts to relieve us of the aforementioned duties, by discrediting the roles of institutions and developed countries in the prolongation of impoverishment.

Perusing higher education, going to college, getting a degree seems to be way too easy for people to accomplish these days. Getting through high school is simple enough, all you have to do is show up and stay on task. The next step after high school is college for most people, anyone can do it, but why is it so simple? College used to be difficult to achieve, you go to college and people look up to you. The answer to all of this, Financial Aid, the government will pay for your college tuition based on your family’s income.

The differences between standards of living in developed and developing nations have been made more evident by the rapid pace of technological innovation. Many world leaders consider the poor circumstances of developing nations to be tragedies that should be solved. Some altruistic organizations such as the World Bank have attempted to improve the conditions in developing nations through deliberate development, in which they would enable an all-encompassing plan aimed at efficiently reducing material suffering. However, in The Tyranny of Experts, Easterly argues that development approaches are flawed because they often emphasize material goods at the detriment of individual rights. Instead, he argues for giving developing nations the freedom to improve themselves by supporting democracy and personal rights. In explaining this idea, he comments on four aspects of the two differing methodologies: blank slate versus learning from history, nations versus individuals, conscious direction versus spontaneous solutions, and authoritarian rule versus free development.

Third world countries have been suffering for a long period of time throughout history from the

Since then, the IMF’s power and influence as an organisation increased even more after the collapsed of the global monetary rules it was assigned to oversee (Bretton Woods System). In February 1973, when the United States and the world abandoned the short-lived Smithsonian agreement, the entire attempt made to maintain the Bretton Woods fixed exchange rate system collapsed. The world returned to market-determined free exchange rates, the very system the IMF was established to

Over time, quite a number of names have been suggested in an attempt to describe the so called developing countries. Some of the names that have been suggested in this case include but they are not limited to the Third World, less-developed countries, underdeveloped nations, developing world etc. In this text, I suggest a term which in my opinion should be utilized when referring to countries regarded poor or less industrialized. In so doing, I will also highlight the theoretical perspective my selected term best reflects.

In the perspective of world-systems theory, the United States is considered a core country, whereas the global South (Africa, Latin America, and evolving Asia including the Middle East) contains a multitude of peripheral countries. With such extensive poverty impeding the progress of countries within the global South, it is possible that the United States can provide effective assistance. However, an explanation must be presented to express how these core countries and peripheral countries become just that, in order to determine how they can change their status. This paper intends to address how countries grow, how the US can aid the global South in the struggle of poverty, and the possibility of altering trade policies to eventually

There have been many discussions to determine development as one of the terms that creates the use of categories, such as developing world, global south, and Third World. Furthermore, the use of the terms also has been questioned and criticised, weather in academic or political and economical term. The article "Geographies of Development: New Maps, New Vision?" describes the terms developing, Third World, or global south as an explanation about the level of development, which has been argued and discussed about the actual means. The question mark reminds the reader about how exactly development shapes new geographical maps, vision, and its consequences. Examination of geopolitics also has been used to comprehend development, since politics and economies are the fields that contribute in shaping the term "development". The article means to deeply discuss about definition of the term Third World, global south, or developing countries, and furthermore gives information in how development as a term evolve throughout the decades, and if the term still relevant today or not. Although with the assumption that development is always for better, it has too be created negative output, depending on its conception and implementation (Potter et al, 2008).

Anthropology is at once a highly critical way of examining the history and progress of civilization and a potentially destructive force for its generally Western vantage point. In both regards, it is an extremely powerful force. As the study of human history and development, anthropology begins from the unspoken disposition that Western civilization has achieved a certain degree of academic and intellectual qualification to begin defining and characterizing what it perceived as lesser-developed civilizations. It is thus that a major contribution of anthropology to the study of development is the light it sheds both purposefully and inadvertently on the hierarchy of global development. Anthropology allows us to construct the world according to the developed and the developing sphere, essentially created the concept of the Third World and consequently subjecting it to particularly Western ideals of development.

International Monetary Fund (IMF) and World Bank are both international financial institutes that where formed in July 1944 by the United Nation in Bretton Woods, United States. They are sometimes referred to as The Bretton Woods Institutes. They are both landers of last resort and they both offer loans and help countries design policy programs to solve balance of payments problems when sufficient finance cannot be obtained by the country. IMF offers short and medium term loans whilst World Bank offers long term loans.

Accordingly, representatives of 44 nations met and decided to set up the International Bank for Reconstruction and Development (IBRD) and the International Monetary Fund (IMF). These are referred to as the Bretton woods sisters or twins. The IMF was established to smoothen global trade by reducing foreign exchange restrictions and help countries resolve their balance of payment crisis using the funds at the IMF’s disposal .The IBRD focused on lending money to governments for long term economic development by

‘In the world of development, if one mixes the poor and the non-poor [sic] in a program, the non-poor will always drive out the poor, and the less poor will drive out the more poor, unless protective measures are instituted right at the beginning. In such cases, the non-poor reap the benefits of all that is done in the name of the poor’ (Yunus, 1999:42). This quote goes to show how misunderstood the term ‘development’ is in the West, as the root causes of poverty are never fully addressed beforehand in order to assess what type of development is necessary for a country in the Third World. It is more important to look at whether the ways in which the West aids those countries deemed less developed actually works in practice as well as in

International Monetary Fund Intro: In July 1944, the United Nations Monetary and Financial Conference met in Bretton Woods, New Hampshire, to find a way to rebuild and stabilize the world economy that had been severely devastated by World War II. One result of the conference was the founding of the International Monetary Fund (IMF) through the signing of its Articles of Agreement by 29 countries. The stated purposes of the IMF were to create international monetary cooperation, to stabilize currency exchange rates, to facilitate the expansion and balanced growth of international trade, and to make the IMF's general resources temporarily available to its members experiencing balance of payments difficulties under adequate

THE WORLD BANK or the International Bank for Reconstruction and Development (IBRD) and the International Monetary Fund (IMF) were created in 1944 by leaders of the 44 nations at the Bretton Woods Conference. The Bank was responsible for financing long term productive investment in member countries while the IMF was to provide loans to overcome short-term balance of payments deficits. Western leaders feared an unregulated world market would mean a return to depression, poverty and another world war. At Bretton Woods (located in New Hampshire, U.S.), “the decisive factor was the reality of American power.” With much of Europe destroyed by the Second World War, the U.S. was economically the world’s most powerful country; thus a U.S. vision prevailed at the conference and the World Bank and the IMF were created along U.S. lines. Unlike the U.N. also

The International Monetary Fund (IMF) was established in 1946, along with the World Bank. The IMF was developed to promote all monetary cooperation and remedy economic problems incurred during the post - war reconstruction period (Baylis; 2008: 245). The IMF was therefore considered as the “rule keeper” and an important component in public international management. In the pursuit to stabilise the exchange rate system, the IMF reserves the authority to change exchange rates. Another vital role is control over the balance of payments deficit of states and governing the policies which affect states monetary systems (Spero; 1990: 33). However, since the 1980 's, the IMF 's role has settled into the position of an institution providing assistance, based on financial situations, to developing countries. In order for countries to receive any assistance, the governments of those countries must agree to certain conditions set out by the IMF and the World Bank which permits the implementation of specific reforms provided by these institutions (Baylis; 2008: 245).