Originally posted by SuperR
However, one must recognize the fact that these huge institutions, while claiming they are out there helping the poor nations, are not acheiving the goal of helping the developing nations to DEVELOP. Go out there and observe, and you will understand that the Third World is slowly but gradually crumbling since the 80's.
I respectfully disagree, and I suppose it is the responsibility of both of us to find out the 'truth', if we can.
I think that the negative effects aren't more prominent, they are just louder and given more attention. Happy people don't make the news. Growing middle classes don't get special reports. Its a matter of perception what constitutes growth or development; if GDP was an indicator almost every country that recieves international aid is benefiting. The problem is that growth causes displacement, and that displaced workers or people are going to raise heck about it. The rapid advancement causes a disproportionate number of equally displaced workers. Their displacement is not the fault of the IMF, World Bank, or rich nations, but rather a temporary state that develops and disapears with modernization.
A good example, since it was in the news recently, is the strength of lobbying from U.S. Steel Workers. The industry is no longer competitive, and as a result there were a growing number of displaced workers. These workers cried for protection, and Bush gave in to them. Everytime a third-world nation closes its markets it does the identical thing: protects and obsolete industry or business model for the sake of workers, instead of allowing the economy to develop and those workers to 'learn a new trick'.
Originally posted by SuperR
Rather, most developing countries are going towards "deindustrialization", because the emphasis is being too much on the extraction of raw material and cash crops so that they could sell these goods on the int'l market (a policy which has been a condition of the World Bank, by the way, to guarantee further loans to developing countries).
Ironically, the extraction of raw material and cash crops were the basis of the U.S. economy until the 1870's, and a major part of it through WW2. The U.S. economy still has decent sized sectors in this department today (Which have shrunk as a proportion to the whole economy, but not as an industry). It is part of development; and no developed nations have escaped that. Norway is the world's second largest oil exporter; are they the victims of deindustrilization because of their dependence on oil exports?
Originally posted by SuperR
It is also wrong to say that these nations, ultimately, are the prime responsible of their cause. The colonial era made them so economically ineffective (diverisified economy before European arrival ---> raw material extraction while European presence) that indeed foreign AID should be availabe.
Holy historical revisionism! Name one world economy that was diversified past agricultural production before Colonialism that exited Colonialism an economic wreck!
I respectfully disagree on your take of how history developed dependancy. The U.S. was a Colony too, do we qualify for aid now? So was Australia, and Canada for that matter; who is going to pay for their development? Using historical grievences to basically, ask for money is fine as long as one points the finger at the perpretator. Colonialisms evils were clearly the act of specific nations that partook in it in specific places. The idea now is that developed nations should foot the bill for Colonial victims, and everyone looks to the U.S. to pay more. I don't believe the Philipines and Pacific or Caribean islands are in such a terrible state, but I think the British and French have a lot more cleaning up to do for their economic messes.
And for other Colonial victims, like Canada (who incidentally have had no Colonial possessions I know of), are now expected to pay? Is it historical grievences or victimization for the sake of money?
Originally posted by SuperR
I also find it weird that the "World Bank" is based in Washington DC, always had American presidents and closely followed American foreign policy???
You'd have to provide me with specific citations of how they follow American foreign policy... I think you're getting the order mixed up. American foreign policy requires the protection of American interests; the World Bank helps create those interests. The tail is wagging the preverbial dog.
Oh, yeah, and it is a U.S. designed and started program and has recieved most its funding from the U.S. private sector, so it makes sense it is Washington based and ran, no?