world bank since the time of inception was thought to be a leftest organisation but in the recent past(a decade or so) has taken a U turn to be a great advocate of the capitalist economical movement. it promotes privatisation, free market economies, NGO, low tariffs and the supremacy of MNCs. do u agree with this statement? whats the reason or this transformation? n can anyone recommend any relevant literature?
2006-08-24 03:47:37 · 6 answers · asked by samuel hugo 1 in Politics & Government ➔ Politics
This is a clear case of the divergence between theory and practice. The theoretical creation of the World Bank was good, in practice it has merely re-inforced the Capitalist system.
2006-08-24 04:13:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The world bank is to the world like the Federal Reserve is to America. It will act under the pretext of aid and will eventually enslave it.
2006-08-24 04:02:31 · answer #2 · answered by Paladin 4 · 0⤊ 0⤋
this is one of those ideas that on paper looks good but in pratice will harm the top nations and the bottom nations around the world .
IT homginizes all money and sets the value of what intrest labor must pay for the right to work .
2006-08-24 03:51:51 · answer #3 · answered by playtoofast 6 · 0⤊ 0⤋
It is a corrupt organisation that ensures that the rich get richer and the poor get poorer.
2006-08-24 04:24:57 · answer #4 · answered by Nothing to say? 3 · 0⤊ 0⤋
i cannot recommend..... but its good that such bank exist....poor countries make use of it in a better way n developing countries are into advancement through their funds
2006-08-24 03:50:28 · answer #5 · answered by Anonymous · 0⤊ 0⤋
probably not too gud!!!
2006-08-24 04:17:32 · answer #6 · answered by Anonymous · 1⤊ 0⤋