The World Bank--Anachronism or Facilitator?
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This paper discusses the nature of the World Bank relative to its critics: both liberal and conservative. It offers cases for both supporters and detractors and concludes with benefits of the World Bank as an institution and the premise that the World Bank is still relevant. The essay concludes with comments by the World Bank President and his faith in the Bank's continued viability.
From the Paper:"The World Bank is variously described as predator or prey, puppet or puppet master, depending on who is doing the describing. Many developing countries anxious for its aid might say it is a benevolent donor, whereas many others might describe it as a harsh task master. Yet, no one would argue that the World Bank has had an indelible influence on the global economy and that its mandate has grown considerably since its inception. However, given the direction of the world's economy and the growing divide between developed and under-developed countries, there is a growing call to reexamine the bank's mission within the new millennium's fully integrated and networked economy. As a recent article in the Lancet asks: "...does its approach really work?" (The 731). That remains to be seen."
Cite this Essay:
The World Bank--Anachronism or Facilitator? (2005, December 01) Retrieved February 27, 2020, from https://www.academon.com/essay/the-world-bank-anachronism-or-facilitator-85172/
"The World Bank--Anachronism or Facilitator?" 01 December 2005. Web. 27 February. 2020. <https://www.academon.com/essay/the-world-bank-anachronism-or-facilitator-85172/>