POLI 3424 Lecture Notes - Lecture 13: Millennium Development Goals, Marshall Plan, Washington Consensus
11 Nov 2020
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Conference that takes place in new hampshire in 1944. Bunch of people get together and decide the future of the world economy. At the time, there is war going on in europe. Want to avoid another recession after wwii. Set up institutions that help keep the global economy afloat. Imf - keep the global financial system going. World bank - loans for major infrastructure projects. Primarily funded and directed by the us. Europe - focused on giving europe money for reconstruction. End of 1950s - no longer a need for the us to give europe money. We turn our attention to other countries. Assumption is that poor countries just need the financial capital in order to develop. Foreign aid starts to become a tool of the cold war. Soviet union and us are trying to get countries to pick sides. Politics is a criteria to get foreign aid.
