SOSC 1430 Study Guide - Final Guide: Bretton Woods Conference, Washington Consensus, Core Countries
10 Apr 2016
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Document Summary
Established by the imf and wb in the 1980s ater the severe debt crisis in the developing world. These policies are atached to loans ofered by the imf and wb: they dictate what the loans are to be used for. The saps focus as well on limiing trade barriers which results in unprotected industries in the south. World bank and imf evolved to have very inluenial roles in development on a global scale. The world bank was iniially created to provide inancing for post war reconstrucion and development projects: iniially called; the ibrd (internaional bank for reconstrucion and. Development: played an important role in us president harry truman"s development plan. Independent countries in post colonial period were thought to be on the path to development (shit from agrarian based socieies to industrialized naions: many private banks refused to lend to these naions (the global south) The ibrd/wb acted as an intermediary between these private banks and developing countries.
