Sample Essay on:
In Support of Additional Financing for International Development

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Essay / Research Paper Abstract

This 8 page paper explores various aspects of international development with particular emphasis on the way in which the stock markets and banking sector impact economic development. Bibliography lists 6 sources.

Page Count:

8 pages (~225 words per page)

File: D0_HVintfin.rtf

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Unformatted sample text from the term paper:

increasing financing to developing countries is not only to create markets for goods for future trading opportunities, but also to create a stable and democratic nation. Analysts agree that "economic development facilitates democratization"; however, the relationship is "considerably less than perfect" (Colaresi and Thompson, 2003, p. 381). There appears to be a fundamental difference in thinking about these matters: some believe that the type of regime in charge is the most important thing in determining international relations; others believe that the best driver of democracy is economic development (Colaresi and Thompson, 2003). Which model is correct? Colaresi and Thompson explore the relationship between domestic development, as exemplified by economic growth and the process of democratization, and international conditions (2003). They suggest that there are a number of external factors, including trade openness, external threat, and conflict, that can either help or hurt economic growth and the growth of democracy (Colaresi and Thompson, 2003). Using different methodologies, they have found that "international environment significantly alters democracy"; in particular, when there are external threats made against one nation by another, democracy tends to decrease in the nation under threat (Colaresi and Thompson, 2003). We can see that clearly illustrated in the United States where, since 9/11, democracy has been curtailed in order to increase security. Security concerns aside, there are questions surrounding the effectiveness of pouring financing into international development that need to be answered. Shen and Lee have undertaken a substantial study of the relationship between "financial development and real GDP per capita growth in 48 countries," and their findings are interesting, even surprising (2006, p. 1907). They also seem to directly contradict others work, but well come to that later. Shen and Lee write that their studies of these countries have revealed that "only stock market development has positive ...

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