why did the world bank and the IMF have to reinvent themselves due to
east Asia miracle which did not follow saps and Africa stagnation which followed saps
IMF what is the article IV consultations
assessing the economic and financial developments before they gave money
1990s what attitude did the WB and the IMF have
renewed concern with poverty.
who altered what the wb did in the 1970’s
president R McNamara
key crtisims to the UN SYTSEM
non transparecny, high overheard costs, influenced by the rich nations.
what does not count as official development assistance (ODA)
MILITARY ASSistance aid for emergencies aid from indviduals NGOS foundations or private corporations.
how many members are part of the DAC development assistance committee
32 part of the organisational for economic coperation and development
what was the target of GNI IN 1970S
0.7 TARGET
what happened with aid in teh 1980s
aid fatigue - Washington consensus and the intro of Saps rise of the private sector
what does beyond aid mean 2010s
focusing on remetinces and domestic resources seen the finacialstion of development.
why do donors give aid realism
promote national security, gain friends negative views of aid
why do idealism give aid
right thing to do morally reducing the gap between the rich and the poor help the poorest
why do liberals give aid
due to public opinion, NGOS political parties domestic business
what is the micro macro paradox
aid has a positve effect on economic growth but aid effetcvness is limited by good policy enviorment
AID CRITICS
WILLAIM EASTERLY Dambisa mOYO BELIVE THAT AID Does not work and that development can occur through the private sector mostly economists view development as economic growth
aid optimists
PAUL COLLIER JEFFFERY SACHS
WHAT Do aid optimists say about aid
aid works for the most part but should be reformed business logistics must be applied to improve aid efficiency
positives of BRICS
have a positive impact on how development cooperation is conceived and delivered
Critics of BRICS
BRICS states give loans without much transparency
what sectors does south south cooperation focus on
transport oil, energy
strengths of the new development bank
each country holds equal voting rights lends in local currency
not to challenge the IMF or the wold bank but to supplement their work
Asian infrastructure Investment bank
over 100 members, some condtionaility exists within its loans
Which of the following best captures the formal distinction between the IMF and World Bank post-1990s?
MF focuses on macroeconomic policy; WB on social and structural polic
Which of the following is NOT a criticism levelled against the UN system?
Excessive transparency and decentralisation
