The World Bank

Paper Summary:

In this article, the writer introduces, discusses and analyzes the topic of the World Bank. Specifically, the writer analyzes the World Bank and its major accomplishments. The writer notes that, created in 1944, the World Bank's goal was to aid Europe after the end of World War II and it proved to be extremely valuable during the post-war reconstruction as world trade struggled. The writer describes that later the Bank sought a new financial role as global economic development transpired. The writer also discusses that the World Bank has struggled over the last few decades because the needs that necessitated the organization no longer exist. As the world's finances have grown more stable, many argue the organization's goals are obsolete and that the bank should close. The writer concludes that the World Bank may have served a purpose in the past, but in the future, it needs to reform for it to be relevant to today's world.

From the Paper:

"Many feel the World Bank has a central role in creating this globalized and western way of life. In addition, many critics believe the World Bank has irreparably damaged human rights and created massive social injustices in many of its projects.
"One example is the Pak Mun Dam Project in Thailand. The World Bank committed to the project in 1991, when Thailand was preparing to increase technologies in preparation for entering the world trade market. The main industries in the area of the dam were agriculture and fishing, and both were severely disrupted by the dam, leaving rural villagers without any means of survival or income. In addition, the dam created serious environmental impact on the surrounding area."

Sample of Sources Used:

• Defending the World Bank. (2006, June 20). The Washington Times, p. A18.
• Editors. (2008.) About us. Retrieved 6 June 2008 from the World Bank Web site: http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/0,,pagePK:50004410~piPK:36602~theSitePK:29708,00.html.
• Editors. (2008). Accountability at the World Bank. Retrieved 6 June 2008 from the BICUSA Web site: http://www.bicusa.org/en/Issue.25.aspx.
• Editors. (2007). World Bank: Resigned Wolfowitz cites accomplishments. Retrieved 6 June 2008 from the Global Security Web site: http://www.globalsecurity.org/military/library/news/2007/05/mil-070519-rferl01.htm.
• Friedrichs, D. O., & Friedrichs, J. (2002). The World Bank and Crimes of Globalization: A Case Study. Social Justice. 13+.

More papers on The World Bank:

• Essay # 8370 : "Poverty and the World Bank"
• Essay # 85172 : "The World Bank--Anachronism or Facilitator?"
• Article Review # 138849 : "About the World Bank"
• Essay # 137304 : "The IMF and the World Bank"

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