Economy
TOPIC:
Tools » Institutions » Global » World Bank » Policies » Economy
Category
articles
Date
2013
Actor
Globalization 1-O-1
Source
Globalization 1-O-1
Uploaded date
2013-07-01
Uploaded by
Lasse Nørgaard Nielsen
Link
Why Is the World Bank Controversial
"Like the IMF, the World Bank has been criticized for its part in promoting the Washington Consensus through its close participation with the IMF in lending only to programs that were heavily conditioned. For example, according to 50 Years Is Enough, the World Bank’s policies are “indistinguishable” from the IMF’s in that they often go to “austerity plans that ‘reform’ economic policies by suffocating the poor and inviting corporate exploitation.”" (Quoted from article)
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