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Read the following overview describing the increase in economic globalization over the past several decades:https://my.uopeople.edu/pluginfile.php/646878/mod_book/chapter/221748/wtr2008globandtrade.pdfRead the following issue brief through the Levin Institute that describes the development, purpose, and criticisms of the International Financial Institutions (International Monetary Fund and World Bank):https://my.uopeople.edu/pluginfile.php/646878/mod_book/chapter/221748/glob101imfandwb.pdf
Merchandise trade after WWII marks the biggest growth period in economic globalization. The main forces driving globalization include:
Development of the IMF and World Bank:
Why is the IMF Controversial?
World Bank Development and Structure:Originally known as the International Bank for Reconstruction and Development (IBRD)
World Bank Initiatives:
Criticisms of World Bank:The World Bank has been criticized for lending to projects that caused environmental damage and social problems, as well as for causing too high of debt for developing countries.
Review the eight goals Millennium Development Goals and suggest some improvements to the goals. As of this year, how would list the Millennium Development Goals? Would the list from 1 to 8 stay the same, be switched around, or would some of the goals change completely? Be sure to include your rationale.
The Olympics of International Financial Institutions’ Projects
Various projects are handled by international financial institutions (IFI) on a yearly basis. It is your task to give one gold, one silver, and one bronze medal to each chosen project.
For each medal you give out, you must state the following:
Please make sure your assignment is double-spaced using Times New Roman, 12-point font, and 1” margins. Be sure to cite any references in APA Format.
Each case paper will be assessed on the following:
Consider the criticisms of the IMF and the World Bank. Do you feel that their practices are required for accountability purposes, or do you believe that they unfairly threaten the sovereignty of certain nations? Furthermore, how would you shape the policies of the IMF and the World Bank, if you had the proper authority to do so?
The journal entry should be about a page in length. If applicable, be sure to cite any resources you use to support your learning journal.
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