The World Bank's Role in Developing and Developed Countries Analytical Essay by scribbler

The World Bank's Role in Developing and Developed Countries
An examination of the impact of the World Bank on the international and globalized economy.
# 153042 | 1,466 words | 5 sources | APA | 2013 | US
Published on May 02, 2013 in Economics (International) , Economics (Globalization)


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Description:

This paper examines the different ways in which the World Bank plays, and has played, a role in the development in the international and globalized economy. The paper highlights the difference in the World Bank's effects in developed versus developing countries to demonstrate the benefits to world economies of globalization as well as the areas of ethical and practical concern. The paper finds that some view the World Bank as a means of ensuring the continued economic development of certain countries and regions without exploitation and subjugation by the developed world and/or regional infighting, while others see the World Bank as a tool of just this sort of exploitation. Either way, the paper concludes, it is clear that the intertwining of the world's economies is in need of some sort of international mediator, and the World Bank certainly serves some of this purpose.

Outline:
Introduction
The World Bank and the Globalized Economy
The Developed World
The Developing World
Conclusion

From the Paper:

"Ever since the beginning of truly global navigation in the fifteenth century, the phenomenon or process now known as "globalization" was underway. With relative rapidity, economies in Europe transformed due to the resources and labor forces encountered in previously undiscovered or difficult-to-reach parts of the world. From this time onward, the economic and political histories and social progressions of parts of the world and human population that had for millennia progressed separately were now inextricably intertwined. This intertwining of world economies only increased as the centuries wore on.
"The ability to navigate through the waters of the globe and so to conduct commerce throughout the world was the essential achievement of the fifteenth century the enabled the start of the globalization process. The eighteenth and nineteenth centuries saw immense technological achievements that improved the efficiency of international commerce dramatically and quickened the pace of this globalization as well as intensifying and hastening processes of political development in much of the world while arguable inhibiting natural and native development at the same time. Globalization--that is, the interdependence of world economies on each other despite potential harm to developing nations for this dependency--was now firmly entrenched as the new world order, and European empires as well as the United Sates' economic sphere of influence became quite large."

Sample of Sources Used:

  • Dreher, A., Sturm, J. & Vreeland, J. (2009). Development aid and international politics: Does membership on the UN Security Council influence World Bank decisions? Journal of Development Economics 68(1), 1-18.
  • Gagnet, C. (2004). The World Bank Annual Report 2003: Year in review. Washington, D.C.: World Bank.
  • Hawkins, D. & Mann, S. (2007). The world bank's role in tourism development. Annals of Tourism Research 34(2), 348-63.
  • IDA. (2010). International Development Association, World Bank. Accessed 26 November 2010. http://www.worldbank.org/ida/
  • Rogerson, A. & Renzio, P. (2009). The evolving World Bank role in International Development Architecture. Overseas Development Institute. Accessed 26 November 2010. http://www.odi.org.uk/work/projects/details.asp?id=1464&title=evolving-world-bank-role-international-development-architecture

Cite this Analytical Essay:

APA Format

The World Bank's Role in Developing and Developed Countries (2013, May 02) Retrieved September 23, 2019, from https://www.academon.com/analytical-essay/the-world-bank-role-in-developing-and-developed-countries-153042/

MLA Format

"The World Bank's Role in Developing and Developed Countries" 02 May 2013. Web. 23 September. 2019. <https://www.academon.com/analytical-essay/the-world-bank-role-in-developing-and-developed-countries-153042/>

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