EDRD 4010 Lecture 4: Unit 4

• School: University of Guelph
• Department: Environmental Design and Rural Development
• Course: EDRD 4010
• Professor: Marianne Staempfli

Document Summary

Unit 4: tourism development: processes, theories, and financial institutions. World systems analysis approach: approach to social analysis and social change: less (cid:498)how to(cid:499) best practices approach and more theoretical analysis of the core- periphery interrelationship. World bank (wb) and imf (international monetary fund) Two dominant financial institutions involved with development projects, created in u. s. in 1944 to help rebuild europe after second world war. Bank agenda = provide technical and financial assistance to developing nations around the world by investment loans or development policy loans. Imf = 188 member states, established to promote international monetary cooperation, exchange stability and orderly exchange arrangements to foster economic growth and high levels of employment. Imf and wb controversial because of their financial aid strategies (supporting military dictatorship, apathetic against labour/human rights abuses) Based on conditions set by the imf and wb for developing countries to get new loans.