What is the World Bank? What does it do? How did it come to be? Why do some people dislike it so much?
From the Un-Distinguished Lecture Series (http://ws.cs.ubc.ca/~udls/). The talk was given Feb. 15, 2008.
8. World War 2
Europe & East Asia devastated
Soviet advance
Economic dissatisfaction
US war-time boom
9. Allies seek economic control
Europe & East Asia devastated
Soviet advance
Economic dissatisfaction
US war-time boom
10. Allies seek economic control
Pay for reconstruction
Soviet advance
Economic dissatisfaction
US war-time boom
11. Allies seek economic control
Pay for reconstruction
Establish capitalism
Economic dissatisfaction
US war-time boom
12. Allies seek economic control
Pay for reconstruction
Establish capitalism
Economic security
US war-time boom
13. Allies seek economic control
Pay for reconstruction
Establish capitalism
Economic security
Open markets to US
14.
15. Bretton Woods, 1944
World Bank
Fixed exchange rates
USD at its heart
International Monetary Fund (IMF)
Open markets
International Trade Organization
16. Bretton Woods, 1944
World Bank
Fixed exchange rates
USD at its heart
International Monetary Fund (IMF)
Open markets
International Trade Organization
17.
18. 1946 HQ in Washington DC
Capitalization of $12 billion
1947 $250 million to France
$195 million to Netherlands
$ 40 million to Denmark
1948 $ 16 million to Chile
$ 34 million to India
19. 1946 HQ in Washington DC
Capitalization of $12 billion
1947 $250 million to France
$195 million to Netherlands
$ 40 million to Denmark
1948 $ 16 million to Chile
$ 34 million to India
20.
21.
22.
23. Owned by member states
Buy shares by offering capital
Votes proportional to shares
24. Owned by member states
Buy shares by offering capital
Votes proportional to shares
President appointed by US President
25. Owned by member states
Buy shares by offering capital
Votes proportional to shares
President appointed by US President
Changes to Charter require 85% majority
US can block any change
26. 1946 HQ in Washington DC
Capitalization of $12 billion
1947 $250 million to France
$195 million to Netherlands
$ 40 million to Denmark
1948 $ 16 million to Chile
$ 34 million to India
29. Marshall Plan
$13 billion in US aid to Europe
No US love for Japan
Grant, not loan
Conditional
30. Marshall Plan
Pay for reconstruction
Establish capitalism
Economic security
Open markets to US
31. Marshall Plan
Pay for reconstruction
Establish capitalism
Economic security?
Open markets to US
32. 1946 HQ in Washington DC
Capitalization of $12 billion
1947 $250 million to France
$195 million to Netherlands
$ 40 million to Denmark
1948 $ 16 million to Chile
$ 34 million to India
33. Bank for Reconstruction & Development
Development Association
Finance Corporation
Multilateral Investment Guarantee Agency
Centre for Settlement of Investment Disputes
34. Bank for Reconstruction & Development
Development Association
Finance Corporation
Multilateral Investment Guarantee Agency
Centre for Settlement of Investment Disputes
79. World Bank created to rebuild after WW2
Acts in poor countries
Money and programmes for development
80.
81. World Bank directed by rich countries
Insist on structural adjustments
Problems, perhaps damage
82. Image Credits
Phoosh Curt Carnemark, World Bank
Economics class Portrait of curious boy, Indonesia
Living and sleeping on streets, India
Matthew Bradley Construction workers, China
World Bank PR Vampire’s card Teacher and schoolchildren, Bhutan
Furniture factory, Ghana
Greg Schmigel
Protester March to IMF, Washington DC Ray Witlin, World Bank
Worker in field, India.
Aheavens
Wolfowitz (both) US National Archives via PingNews.com
Robert McNamara Briefing (NARA)
Larsj
Mount Washington Hotel, Bretton Woods, NH, USA Wikipedia
(Adapted from) Industrialized countries 2007
Nick Wiebe
Stephen Lewis