More than likely the World Bank is the least understood of our destinations. This post will begin with links to articles and information about the World Bank.
Background on the World Bank
Conceived at the Bretton Woods Conference in 1944, the World Bank initially helped rebuild Europe after the Second World War. Since the 1980s, the Bank has focused on poverty reduction around the world, a daunting task that has proven to be multifaceted (involving issues and concerns beyond economics alone, involving cultural and political concerns as well). For more on the scope and function of the World Bank, click here. For a detailed time line re: the World Bank (click here)Current Issues re: the World Bank
Much of the debate and the tensions center around the different needs between “haves” and “have-nots” or national interest versus global cooperation. These seemed to be at the root of the stalled Doha Round Negotiations (click here and here.) The current economic crisis has sparked fears of protectionism–many historians and economists maintain that protectionism exacerbated the Great Depression of the 1930s, and fear a similar trend will throttle the world economy. On the the Doha Round and Fears of Protectionism, click here. The current down-turn in demand world-wide is hitting poor countries hardest. On the global economic crisis and its impact on poor countries, click here.
Click here re: this image and data source
For anyone tempted to take the view that “these aren’t my problems” or “why should I care about poverty in Africa,” I’d suggest the book The Coming Plague: Newly Emerging Diseases in a World Out of Balance by Laurie Garrett (click here). She makes a compelling case for the interdependence of our world, and how poverty and poor health in one region (particularly Africa, home to many of the most lethal diseases in the world) poses a threat to people everywhere, particularly in the age of jet-travel and a global exchange of people and commodities. Of course, poverty and civil war have often gone hand-and-hand as well.
Other resources:
Simon Johnson, “The Quiet Coup,” The Atlantic (May, 2009).
