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Essay / Research Paper Abstract
A 4 page paper comparing World Bank involvement with principle of the Tao. If a nation lacks capital in its own right, the next best source is that of foreign direct investment (FDI). FDI support depends on economic conditions and investors’ belief that they can realize financial gains on the capital invested in a developing nation. When investors believe these conditions not to be favorable, the World Bank frequently steps in to offer international loans to governments of developing countries. In order to receive the loans that could make the developing nation more attractive to private investors, the World Bank frequently imposes requirements that the receiving nation must meet before receiving World Bank funds. The purpose here is to assess World Bank activity in terms of the Tao Te Ching. Bibliography lists 7 sources.
Page Count:
4 pages (~225 words per page)
File: CC6_KSgloTaoWrldBank.rtf
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Unformatted sample text from the term paper:
If a nation lacks capital in its own right, the next best source is that of foreign direct investment (FDI). FDI support depends on economic conditions and investors belief
that they can realize financial gains on the capital invested in a developing nation. When investors believe these conditions not to be favorable, the World Bank frequently steps in
to offer international loans to governments of developing countries. In order to receive the loans that could make the developing nation more attractive to private investors, the World Bank
frequently imposes requirements that the receiving nation must meet before receiving World Bank funds. The purpose here is to assess World Bank activity in terms of the Tao Te
Ching. Globalization and the Redistribution of Wealth Several years ago, Britains The Economist reported that in the late 1980s, "about $190 billion passed
through the hands of currency traders in New York, London and Tokyo every day. By 1995 daily turnover had reached almost $1.2 trillion" (Capital goes global, 1997; p. 87).
Private capital movement increased at much the same rate. In 1990, about $50 billion in private capital flowed into emerging markets; by 1996 that amount had increased to $336
billion (Capital goes global, 1997). That trend slowed some after the advent of the Asian currency crisis in 1997, but it slowly recovered to begin its inexorable growth once
again. Investors are not going to place their capital in countries where there is high risk of losing it (Mazarr, 1995), evidenced by
the fact that most FDI leaving the US is destined not for developing nations, but for other "rich" countries. As example, Nepal only recently agreed to accept any outside
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