Discussion Guidelines

Read the following overview describing the increase in economic globalization over the past several decades:https://my.uopeople.edu/pluginfile.php/646878/mod_book/chapter/221748/wtr2008globandtrade.pdfRead the following issue brief through the Levin Institute that describes the development, purpose, and criticisms of the International Financial Institutions (International Monetary Fund and World Bank):https://my.uopeople.edu/pluginfile.php/646878/mod_book/chapter/221748/glob101imfandwb.pdf

Merchandise trade after WWII marks the biggest growth period in economic globalization. The main forces driving globalization include:

  • Technological innovations (e.g. discovery of large oil fields in the Middle East, 1948)
  • Broader political changes (e.g. the establishment of the United Nations in 1945)
  • Economic policies (e.g. the establishment of Bretton Woods – IMF, World Bank, 1944 – 1971)

Development of the IMF and World Bank:

  • Conference at Bretton Woods, New Hampshire, to address concerns about the stability of global economic markets

IMF Structure:

  • IMF is controlled by its 187 member-countries, each of whom appoints a representative to the IMF’s Board of Governors
  • The IMF has three main activities: surveillance, financial assistance, and technical assistance

Why is the IMF Controversial?

  • Some critics say that the conditions of the loans are too controlling and don’t give the receiving country enough freedom to do things the way they feel is necessary
  • Some critics say that the IMF imposed the policies of the Washington Consensus without understanding the complexities of the nations they were working with
  • Some critics are displeased that the policies are imposed all at once
  • Some critics say that the IMF was not transparent or open to constructive feedback when developing their policies

World Bank Development and Structure:Originally known as the International Bank for Reconstruction and Development (IBRD)

  • IBRD was founded at Bretton Woods
  • Structure is basically the same as that of the IMF; the majority of voting power is held by the U.S.
  • The mission of the IBRD claims that it “aims to reduce poverty in middle-income and creditworthy poorer countries by promoting sustainable development, through loans, guarantees, and non-lending-including analytical and advisory-services”

World Bank Initiatives:

  • The International Development Association (IDA) was organized by the World Bank in 1960 to provide additional financial assistance to the poorest developing countries
  • The International Finance Corporation (IFC) was established in 1956 and is now the largest public source of financial investment for private sector projects in developing countries
  • The Multilateral Investment Guarantee Agency (MIGA) was created in 1988 to provide risk-balancing insurance services to foreign direct investment projects in developing countries
  • The World Bank established the International Center for Settlement of Investment Disputes (ICSID) in 1966 to encourage both investors and governments to undertake and receive foreign direct investment by providing a neutral dispute resolution system

Criticisms of World Bank:The World Bank has been criticized for lending to projects that caused environmental damage and social problems, as well as for causing too high of debt for developing countries.

Part 1

Review the eight goals Millennium Development Goals and suggest some improvements to the goals.  As of this year, how would list the Millennium Development Goals? Would the list from 1 to 8 stay the same, be switched around, or would some of the goals change completely? Be sure to include your rationale.

Discussion Guidelines

  • Share your thoughts and ideas on this week’s discussion forum prompts in a couple of paragraphs.
  • Be sure to cite any resources that you use in APA format.  Direct quotes should not be used in discussions.

Part 2

The Olympics of International Financial Institutions’ Projects

Various projects are handled by international financial institutions (IFI) on a yearly basis. It is your task to give one gold, one silver, and one bronze medal to each chosen project.

For each medal you give out, you must state the following:

  • Name and detailed description of the project.
  • Name of the IFI that handled the project.
  • Type of medal (gold, silver, or bronze).
  • Positive impacts and how they could have been even more impactful.
  • Negative impacts and how they could have been avoided.

Please make sure your assignment is double-spaced using Times New Roman, 12-point font, and 1” margins. Be sure to cite any references in APA Format.

Each case paper will be assessed on the following:

  • Be sure to follow the directions, by stating the medals, names, details, IFIs, as well as the positive and negative impacts.
  • Strong examples, valid points, and ideas on the topic
  • At least two additional resources cited in APA format
  • 2-3 pages in length
  • Proper grammar, spelling, and punctuation

Part 3

Consider the criticisms of the IMF and the World Bank. Do you feel that their practices are required for accountability purposes, or do you believe that they unfairly threaten the sovereignty of certain nations? Furthermore, how would you shape the policies of the IMF and the World Bank, if you had the proper authority to do so?

The journal entry should be about a page in length.  If applicable, be sure to cite any resources you use to support your learning journal.

Hide 

Calculate the price of your order

Simple Order Process

Fill in the Order Form

Share all the assignment information. Including the instructions, provided reading materials, grading rubric, number of pages, the required formatting, deadline, and your academic level. Provide any information and announcements shared by the professor. Choose your preferred writer if you have one.

Get Your Order Assigned

Once we receive your order form, we will select the best writer from our pool of experts to fit your assignment.

Share More Data if Needed

You will receive a confirmation email when a writer has been assigned your task. The writer may contact you if they need any additional information or clarifications regarding your task

Let Our Essay Writer Do Their Job

Once you entrust us with your academic task, our skilled writers embark on creating your paper entirely from the ground up. Through rigorous research and unwavering commitment to your guidelines, our experts meticulously craft every aspect of your paper. Our process ensures that your essay is not only original but also aligned with your specific requirements, making certain that the final piece surpasses your expectations.

Quality Checks and Proofreading

Upon the completion of your paper, it undergoes a meticulous review by our dedicated Quality and Proofreading department. This crucial step ensures not only the originality of the content but also its alignment with the highest academic standards. Our seasoned experts conduct thorough checks, meticulously examining every facet of your paper, including grammar, structure, coherence, and proper citation. This comprehensive review process guarantees that the final product you receive not only meets our stringent quality benchmarks but also reflects your dedication to academic excellence.

Review and Download the Final Draft

If you find that any part of the paper does not meet the initial instructions, send it back to us with your feedback, and we will make the necessary adjustments.