DEVS 100 Study Guide - Quiz Guide: Surplus Labour, Tabula Rasa, Marxist Feminism
9 Dec 2017
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Devs summary notes week 6: the imf and world bank were founded at the bretton woods conference in 1944. The world banks and imf power today: they give the stamp of approval to which countries should and shouldn"t get loans, they shape people"s opinions on which countries are good and bad. They also have the largest data base on knowledge collection and dispersal: they give conditionality loans. We have a moral responsibility to continue with foreign aid. Aid is like an industry- it is very bureaucratic and inefficient. It feeds into corruption: it distorts markets and holds back. The aid industry tends to make poverty worse: emergency aid only, more business like approach to help aid organizations run, more accountability by receiver countries, less aid more trade, reform the aid industry in general. Some changes to the global economy required (keynism: abolish. Close down the imf and wb completely.
