The World Bank's Effectiveness: An Evaluation
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The paper asserts that there is reason to be critical of the World Bank's actions and reveals that in terms of social justice, the imposition of Western cultural values is at the root of many adverse social outcomes. The paper then examines the World Bank's environmental outcomes, and finds that the World Bank has been more successful in developing positive outcomes and has for the most part reversed its prior course through the 1980s when it pursued economic growth at the cost of environmental degradation. The paper concludes that while on the whole the World Bank is likely a positive force, it has a long way to go to remove all injustice from its operating model.
From the Paper:"The mission of the World Bank is to "fight poverty with passion and professionalism for lasting results and to help people help themselves and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors" (WorldBank.org, 2010). In plain English, the World Bank is financed by the world's wealthier countries to provide aid assistance to its poorer countries. This assistance is typically focused on economic infrastructure projects ranging from the construction of wells, health care facilities, education facilities and private investment infrastructure. World Bank loans are typically low-interest rate loans. The World Bank is an arm of the United Nations and was founded in 1944 (Ibid).
"The World Bank's projects are essentially designed to help nations to build the antecedents of economic success. The underlying philosophy is that by providing the basic means for economic development, the people of the nation will be able to take charge of their own economic destiny. The World Bank takes the view that lack of access to basics like health care and education, and lack of functioning financial systems, constrains the growth options in many parts of the developing world. It is reasonable, therefore, that the measures used to evaluate World Bank effectiveness incorporate its broader objectives."
Sample of Sources Used:
- Dubash, N. & Seymour. F. (1999). World Bank's environmental reform agenda. Foreign Policy in Focus. Retrieved April 14, 2011 from http://www.fpif.org/reports/world_banks_environmental_reform_agenda
- Eurodad. (2006). World Bank and IMF conditionality: A development injustice. European Network on Debt & Development. Retrieved April 14, 2011 from http://www.eurodad.org/aid/report.aspx?id=130&item=0454
- Kane, L. (2008). The World Bank, community development and education for social injustice. Community Development Journal Vol. 43 (2) 194-209.
- WorldBank.org. About us. World Bank Retrieved April 14, 2011 from http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/0,,pagePK:50004410~piPK:36602~theSitePK:29708,00.html
Cite this Analytical Essay:
The World Bank's Effectiveness: An Evaluation (2013, May 28) Retrieved February 28, 2021, from https://www.academon.com/analytical-essay/the-world-bank-effectiveness-an-evaluation-153395/
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