Political Science 2231E Lecture Notes - Lecture 4: Hegemony, International Law Commission, Rome Statute Of The International Criminal Court
6 Dec 2013
School
Department
Course
Professor
Document Summary
After the war europe was not in a good shape and the us decided to help countries in europe with loaning them money. Us donated a lot of money in the beginning to kick-start the world bank, a un agency. International development agency: focuses on the poorest countries. Third section that helps out private corporations. Fourth section allows private investors to help out countries etc Gives out loans, repayment period is typically longer. Cannot rob the world bank, no money in the bank per say, all done between private entities and countries through computers. The world bank was never just about loans but also helps sustain development in countries and support initiatives against climate change etc Evolved over time to become more than loaning money to european countries. Offices in hundred countries around the world, with a diverse staff. New boss of the world bank is from china.
