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Essay / Research Paper Abstract
An eight page paper which analyses the causes underlying the globalisation of world poverty, and considers the role which the IMF, World Bank and the World Trade Organisation have played in increasing the domestic economic instability of developing nations and in widening the divide between rich and poor countries.
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Page Count:
8 pages (~225 words per page)
File: JL5_JLglobpov.doc
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Unformatted sample text from the term paper:
of the industrialised and technologically advanced West, the past decades have been seen as characterised by significant material growth and prosperity, Michael Chossudovsky describes the latter part of the twentieth
century as marked by global impoverishment. . . the collapse of . . . systems in the developing world, (and) the demise of national institutions . . . and
health and educational programmes. (Chossudovsky, 2001, PG) and it is evident that the degree of prosperity and consumerism which is evidenced by the richer nations of the world is not
to be seen on a global level. Given that, after the Second World War, strenuous efforts were made to set up an organisational
structure which would facilitate world trade, establish global economic stability and enable poorer countries to initiate and maintain social and economic growth, it is evident that somewhere along the intervening
half-century, those policies and strategies either failed or were irreparable damaged, leading to the rapidly increasing divide between rich and poor and the globalisation of poverty which Chossudovsky describes as
originating in the Third World and spreading internationally by the 1990s. The World Bank was set up in order to aid in the
restructuring of the global economy which was so desperately needed in 1944, and the General Agreement on Trades and Tariffs designed to promote international reciprocity of trade, and to discourage
insularity amongst the member countries. However, not all countries within the GATT framework abided by the trade agreements, and the inequalities which it had been intended to prevent were not
eliminated. As Chussodovsky notes, the spirit in which the 1944 initiatives were instigated has been overridden by the way in which developing countries
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