scholarly journals Towards Which Model of Capitalism Are the Countries of Central and Eastern Europe Going to? Comparative Analysis of this Trajectory and Its Post-Transition Issues

2019 ◽  
Vol 2 (1) ◽  
pp. 62
Author(s):  
Oriola Musa

The end of the Socialist System marked the apparent victory of his adversary: the Capitalist System. Meanwhile the "Recipes" for building the Capitalism in the Countries of the East were Standard and fully complied with the "Washington Consensus" led by the IMF and the World Bank, the reality itself nowadays is facing these Countries with two different challenges. On the one hand, their individual developments during the transition process were very different and their situations quite specific, on the other hand, today they should answer the question towards which model of Capitalism are they going to or privileging: The Anglo-Saxon Model? The German-Scandinavian Model? The French State Capitalism Model, or the Japanese Co-Operative Model?

2019 ◽  
Vol 2 (1) ◽  
pp. 62
Author(s):  
Oriola Musa

The end of the Socialist System marked the apparent victory of his adversary: the Capitalist System. Meanwhile the "Recipes" for building the Capitalism in the Countries of the East were Standard and fully complied with the "Washington Consensus" led by the IMF and the World Bank, the reality itself nowadays is facing these Countries with two different challenges. On the one hand, their individual developments during the transition process were very different and their situations quite specific, on the other hand, today they should answer the question towards which model of Capitalism are they going to or privileging: The Anglo-Saxon Model? The German-Scandinavian Model? The French State Capitalism Model, or the Japanese Co-Operative Model?


1981 ◽  
Vol 11 (2) ◽  
pp. 247-262
Author(s):  
Ernest Feder

Hunger and malnutrition are today associated with the capitalist system. The evidence points to a further deterioration of the food situation in the Third World in the foreseeable future, as a result of massive capital and technology transfers from the rich capitalist countries to the underdeveloped agricultures operated by transnational concerns or private investors, with the active support of development assistance agencies such as the World Bank. Contrary to the superficial predictions of the World Bank, for example, poverty is bound to increase and the purchasing power of the masses must decline. Particular attention must be paid to the supply of staple foods and the proletariat. This is threatened by a variety of factors, attributable to the operation of the capitalist system. Among them are the senseless waste of Third World resources caused by the foreign investors' insatiable thirst for the quick repatriation of super-profits and the increasing orientation of Third World agricultures toward high-value or export crops (which are usually the same), an orientation which is imposed upon them by the industrial countries' agricultural development strategies. Even self-sufficiency programs for more staple foods, such as the ill-reputed Green Revolution, predictably cannot be of long duration.


2020 ◽  
pp. 59-76
Author(s):  
Constantine Michalopoulos

The collaboration the U4 launched at Utstein covered a wide variety of development issues handled by different international institutions. This involved in the first place coordination of their positions at the World Bank and the IMF, and the UN and its funds, programmes, and agencies. The World/Bank IMF were very important both because of the size and extent of their own programmes but also for helping developing countries manage the overall poverty reduction strategies within which all bilateral aid was supposed to fit. Increasing the effectiveness of bilateral aid could only succeed if it were part of a consistent overarching multilateral effort. This chapter starts with a discussion of U4 efforts to ensure that the poverty reduction strategies developed with the help of the World Bank/IMF in connection with debt relief actually reflected developing country priorities. It then moves on to U4’s efforts to improve the effectiveness of UN programmes which tended to be characterized by fragmentation and inefficiencies. The last part addresses the problem of coherence and collaboration between the IMF and the World Bank—the international financial institutions, on the one hand, and the UN and its agencies, on the other.


1991 ◽  
Vol 7 (1) ◽  
pp. 97-106 ◽  
Author(s):  
Alcira Kreimer

This paper identifies key sustainability issues arising in earthquake-related projects financed by The World Bank. First, Bank-financed reconstruction activities are briefly described within the background of the Bank's objectives in development. Second, the connections between human activities and development decisions on the one hand and seismic risk and vulnerability on the other are discussed. The multiple nature of earthquake-related losses are identified, including economic (direct and indirect), time-related and institutional losses. Third, resource mobilization efforts following disasters are discussed, including issues related to local and international aid. Fourth, the inclusion of measures geared to preventing losses in Bank-financed reconstruction efforts are explored within the overall context of preserving sustainability and reducing vulnerability. The paper offers the conclusion that the losses from vulnerable development amount to a significant burden to member countries governments, institutions, and populations.


1997 ◽  
Vol 46 (1) ◽  
Author(s):  
Siegfried Gelbhaar

AbstractThe article analyses the economic rationality of multilateral arrangements in foreign aid policy. In the centre of attention is a comparison of patterns of valuation taken from the theory of welfare concerning selected forms of international co-operation. Furthermore, the paper discusses patterns of explanation for the coming into being and the function of multilateral organisations from a publicchoice- perspective. The result of politico-economic evaluation is ambivalent: On the one hand those institutions reduce the transparency and the possibility of democratic and parliamentary control of international politics respectively. Thus, the structural efficiency of the aims of political programs could be endangered. Furthermore specific agency-problems aggravate the conditions for the realisation of political aims at minimum cost. On the other hand multilateral organisations open up a special strategic set of action for democratically elected politicians upon which institutions such as the IMF or the World Bank could at least possibly foster economic welfare.


2017 ◽  
Vol 1 (1) ◽  
pp. 1-9 ◽  
Author(s):  
Benjamin Sovacool

The World Bank remains the largest international financial institution in the world. This case study examines the effectiveness of the World Bank’s Inspection Panel. The Inspection Panel makes it possible for citizens and communities to challenge World Bank projects through an independently administered accountability process. Between 1994 and 2016, the World Bank Inspection Panel has received 112 requests for inspection across more than 50 countries. This case study analyzes the history, dynamics, benefits, and barriers to the Inspection Panel, including an assessment of World Bank projects spread across Albania, Argentina, Bangladesh, Benin, Brazil, Cameroon, Chad, China, Democratic Republic of Congo, Ghana, India, Kenya, Lesotho, Nepal, Nigeria, Romania, Tibet, Togo, and Uzbekistan. On doing so, this case study highlights how Inspection Panels like the one operating at the World Bank can improve and enhance governance outcomes and result in more equitable decision-making processes. Yet there are also limits to what such independent accountability mechanisms can accomplish.


Author(s):  
Ionuţ Marian Anghel

The situation of roma since the fall of socialism is a paradox. On the one hand, many organizations, international governing organizations (IGOs), such as the European Union (Council of Europe, European Commission, European Parliament), the Organization for Security and Cooperation in Europe, the World Bank and the United Nations (UNDP, UNICEF, ILO), local and international/transnational NGOs, government agencies are involved in projects for Roma to improve their situation in Europe. Roma have become the target of social inclusion programs of the European Union (EU), the Decade of Roma Inclusion - a project of the Open Society Foundation and the World Bank -, Strategies for improving the situation of Roma developed by governments in Southeastern Europe. On the other hand, Roma continue to be marginalized, discriminated against, politically underrepresented, with a higher probability of being unemployed, not having access to public services - education, health , housing - compared with the majority population. This paper seeks to understand how was it possible to understand the recent shift from the representation of the Roma as a non-European minority, which lasted since their arrival in Europe until the fall of socialist regimes, to their representation as an European minority as it is shown in documents of the European institutions and the World Bank? How did Roma appear on the EU social inclusion agenda, the Human Development agenda of UNDP or the minority rights agenda of OSCE?


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