World Bank Group

The World Bank defines poverty in many different ways. The first is called economic poverty, and is defined, “when a family’s income fails to meet a federally established threshold that differs across countries. Usually, this is calculated by how much one family makes, not an individual basis, and can be adjusted based on the number of family members. The next category of poverty is known as absolute poverty, which measures “poverty in relation to the amount of money necessary to meet basic…

organizations see this relationship. In this case, the world bank, city government, and local non-government organizations have varying ideas on how water should be distributed to people. With water being a large part of the environment and an essential bodily component, the way each of these groups goes about disbursing water to people shows their perception of a human’s relationship with the earth and also lead to different water management styles. The world bank sees water strictly as an…

The International Monetary Fund (IMF) was originally created by a group of member countries to act as a tool for economic growth and progression through providing loans to countries. These loans would enable the borrowing countries to trade on an international level, build industry, and create jobs (Global Exchange, 1999). In more recent years, due to major debt crisis’s, the IMF have more so assumed the role of bailing out countries in need than acting as a booster. In order to bail out a…

The main purpose of WHO is to be the central authority on sanitation and health issues throughout the world (Haddow et al, 2014). From this description, it seems like the main purpose of this group is to provide aid and to make sure that everyone around the world has access to sanitation areas and to bring health awareness to certain countries that can often go unnoticed by the world. After a disaster sanitation can be a major issue that people would be facing during this time. Food and water…

and within-national inequalities. For example, within Zambia and more specifically in Misisi, children, women and men suffer endlessly from preventable diseases that can be prevented by those sitting in “plush offices”, working for SAPs and The World Bank. While countless people in Misisi sit and wait in illness infested hospital rooms, cleaner hospital beds sit empty for the select few who can afford to pay $40 to help save their families lives. The reasons for this disconnect come from the…

Besides, poverty reduction can also be considered as one of the main challenges for developing countries. Regarding to the estimation by the World Bank, 12.7% of the world’s population in 2012 lived under extreme poverty; at or below 1.90 dollars per day (the new poverty line). Since 1990, the attempt to reduce poverty has resulted in a decreasing trend of the numbers of the poor. However, poverty…

Microfinance is the provision of financial serves to the poor people with very small business or business projects (Otero, 1999 cited in Marzys, 2006). Commercial banks are not able to cater to the financial needs of the poor people due to lack of collateral security and also due to information asymmetries and hence a very small proportion of the world population has access to financial instruments. Robinson (2001 p. 9) defines microfinance institution as small scale financial services…

globalisation. Global financial institutions such as the International Monetary Fund (IMF), World Trade Organisation (WTO) and the World Bank are examples of international organisations that serve the purposes of rich states, and exploit developing and poor states. Though it can be said that globalisation helps poor and developing countries as they have access to the open market,…

Internationalism continued colonialism by continuing to treat groups of people in developing countries as inferior. From a critical standpoint, neoliberalism and Evangelical Internationalism are the continuation of colonization with a different name and in a different form. Although the Great Depression and the Great Recession have discredited these ideas, they continue to shuffle on due to the support that they receive from the Western World. Neoliberalism…

Based on the views expressed by McNicoll (1984), World Bank (1984), and National Research Council (1986 cited in Kelley, 1988), I argue that the underdevelopment of Africa (as measured by per capita output) is caused by rapid population expansion. The negative effects of rapid population's growth on economic growth and development occurred in situations where arable land and water becomes scarce or costly to acquire, rights to land and natural resources are poorly defined, and government…