scholarly journals Poverty Consequences of Globalisation in OIC Countries: A Comparative Analysis

2012 ◽  
Vol 51 (4II) ◽  
pp. 479-492
Author(s):  
M. Tariq Majeed

Williamson (2002) points out that ‘the world has seen two globalisation booms over the past two centuries and one bust. The first global century ended with World War I and the second started at the end of World War II, while the years in between were ones of anti-global backlash’. In the first period of globalisation, poverty fell from 84 percent in 1820 to 66 percent in 1910. In the second period of globalisation poverty fell from 55 percent in 1950 to 24 percent in 1992. In the inter-war period, the world population living in poverty remains probably stagnant. The historical negative relationship between globalisation and poverty masks variations within and between countries in their experiences with globalisation. Many decades of increasing globalisation have not yet silenced the debate over the benefits of globalisation. The fierce street protests surrounding the ministerial meeting of the WTO and similar protests at the World Bank and the IMF show that anti-globalisation debate is getting strong.

2011 ◽  
Vol 4 (1) ◽  
pp. 66-140
Author(s):  
Sophie E. Smyth

Recent development challenges highlight a pressing need to re-evaluate whether the post-World War II behemoths of multilateral development finance are up to the tasks being demanded of them today. The institutions that dominate the current order, the United Nations (“UN”) and the World Bank, are undergoing a crisis of confidence as the world’s development aid donors engage in an ongoing quest to find alternatives to them. This quest takes the form of setting up numerous funds narrowly tailored to finance specific, narrowly-defined needs. Examples of these funds include the Global Environment Trust Fund (GEF) and the Global Fund to Fight HIV Aids, Malaria and Tuberculosis. The Climate Change Fund, proposed in the December 2009 Copenhagen Accord (and recently renamed the Green Climate Fund), is poised to follow this approach. This ad hoc special purpose fund approach lacks a coherent, unifying vision of how to meet today’s development challenges. The funds that have been created fill a need but suffer from several deficits, ranging from governance gaps and lacunae in accountability, to high transaction costs and uncertain status in the international political and legal order. These deficits generate new risks and costs for the international aid architecture. In this Article, I argue that the time has come to re-design the interrelationship between these special purpose funds and the UN and the World Bank so that these funds can operate in sync with these institutions rather than as bypasses of them.


2001 ◽  
Vol 40 (4II) ◽  
pp. 435-451 ◽  
Author(s):  
Sabur Ghayur

Rising from the debris of the World War-II and also the devastations caused by the great depression of 1930s, the Bretton Woods twins—international monetary fund (IMF) and the world bank; rather the world bank group1—have over the years emerged as important players of the international financial arena. They are the major component of international financial architecture in addressing global macro and financial stability. The Bank together with the regional multi-lateral development banks (MDBs), such as the Asian Development Bank (ADB) for the Asian and the Pacific region, is making its contribution in building necessary infrastructure needed to initiate and support the development process, the recent reduced emphasis on such projects notwithstanding.


10.26458/1545 ◽  
2016 ◽  
Vol 15 (4) ◽  
pp. 69
Author(s):  
Criatian Uta

John Maynard Keynes was one of the most influential personalities of the twentieth century. It is considered one of the creators of what today we call Macroeconomics. He played an important role during the Bretton Woods Conference in 1944, after which were put up substantial postwar financial institutions such as the World Bank and International Monetary Fund. The economic policy measures he proposed prevailed in the first decades after World War II and saw a revival in recent years due to the financial crisis of 2008-2009. His works on economics have seen many editions and have been translated into most languages.  


1996 ◽  
Vol 24 (3) ◽  
pp. 371-376
Author(s):  
Andrew Ludanyi

The fate of Hungarian minorities in East Central Europe has been one of the most neglected subjects in the Western scholarly world. For the past fifty years the subject—at least prior to the late 1980s—was taboo in the successor states (except Yugoslavia), while in Hungary itself relatively few scholars dared to publish anything about this issue till the early 1980s. In the West, it was just not faddish, since most East European and Russian Area studies centers at American, French and English universities tended to think of the territorial status quo as “politically correct.” The Hungarian minorities, on the other hand, were a frustrating reminder that indeed the Entente after World War I, and the Allies after World War II, made major mistakes and significantly contributed to the pain and anguish of the peoples living in this region of the “shatter zone.”


2004 ◽  
Vol 132 (11-12) ◽  
pp. 469-473
Author(s):  
Zelimir Mikic ◽  
Aleksandar Lesic

The development of orthopedic surgery in Novi Sad and Voivodina is related to the name of Dr. Katherine MacPhail, a Scottish physician, who came to Serbia during the World War I, where she worked with her mission in Belgrade and Kragujevac. After the war, she remained in Serbia and, in 1921, founded the first children's, co-called English-Serbian Hospital; then, in 1934, established English-Yugoslav Children's Hospital for Treatment of Osteoarticular Tuberculosis in Sremska Kamenica, which was open until 1941. After the end of World War II, as early as in 1947, Dr. MacPhail returned to Sremska Kamenica, where she reactivated the hospital. After the nationalization of the hospital, she left for Scotland, but the hospital kept working, first under the supervision of the Belgrade Clinic for Orthopedic Surgery and Traumatology, and then as a ward of the Clinic for Orthopedic Surgery and Traumatology of the Novi Sad School of Medicine, until 1992, when it was closed.


2020 ◽  
Vol 5 (4) ◽  
pp. 324
Author(s):  
Zheming Zhang

<p>With the continuous development and evolution of the United States, especially the economic center shift after World War II, the United States become the economic hegemon instead of the UK and thus it seized the economic initiative of the world. After the World War I, the European countries gradually withdraw from the gold standard. In order to stabilize the world economy development and the international economic order, the United States prepared to build the economic system related with its own interests so as to force the UK to return to the gold standard. The game between the United States and the UK shows the significance of economic initiative. Among them, the outcome of the two countries in the fight of the financial system also demonstrates a significant change in the world economic system.</p>


Author(s):  
Alexander Naumov

This article reviews the role of Anglo-German Naval Agreement of 1935 in escalation of crisis trends of the Versailles system. Leaning on the British Russian archival documents, which recently became available for the researchers, the author analyzes the reasons and consequences of conclusion of this agreement between the key European democratic power and Nazi Reich. Emphasis is placed on analyzing the moods within the political elite of the United Kingdom. It is proven that the agreement became a significant milestone in escalation of crisis trends in the Versailles model of international relations. It played a substantial role in establishment of the British appeasement policy with regards to revanchist powers in the interbellum; policy that objectively led to disintegration of the created in 1919 systemic mechanism, and thus, the beginning of the World War II. The novelty of this work is substantiated by articulation of the problem. This article is first within the Russian and foreign historiography to analyze execution of the Anglo-German Naval Agreement based on the previously unavailable archival materials. The conclusion is made that this agreement played a crucial role in the process of disintegration of interbellum system of international relations. Having officially sanctioned the violation of the articles of the Versailles Treaty of 1919 by Germany, Great Britain psychologically reconciled to the potential revenge of Germany, which found reflection in the infamous appeasement policy. This launched the mechanism for disruption of status quo that was established after the World War I in Europe. This resulted in collapse of the architecture of international security in the key region of the world, rapid deterioration of relations between the countries, and a new world conflict.


2005 ◽  
Vol 74 (3) ◽  
pp. 411-426 ◽  
Author(s):  
T. CHRISTOPHER JESPERSEN

The frequent use of the Vietnam analogy to describe the situation in Iraq underscores the continuing relevance of Vietnam for American history. At the same time, the Vietnam analogy reinforces the tendency to see current events within the context of the past. Politicians and pundits latch onto analogies as handles for understanding the present, but in so doing, they obscure more complicated situations. The con�ict in Iraq is not Vietnam, Korea, or World War II, but this article considers all three in an effort to see how the past has shaped, and continues to affect, the world the United States now faces.


2015 ◽  
Vol 81 (1) ◽  
pp. 67-74 ◽  
Author(s):  
Ronald Lee

It was a different era when Gary Becker did his groundbreaking work on the economics of fertility, during the years from the late 1950 through the early 1990s. There was great concern then about the “population explosion” due to sustained high fertility in the developing world after mortality declined following World War II. In 1968, Paul Ehrlich published “The Population Bomb” predicting disaster and mass starvation due to rapid population growth: “The battle to feed all of humanity is over. In the 1970s, the world will undergo famines – hundreds of millions of people are going to starve to death. . . .” Robert McNamara, then the President of the World Bank, in 1984 said “Short of thermonuclear war itself, population growth is the gravest issue the world faces over the decades immediately ahead. If we do not act, the problem will be solved by famine, riots, insurrection and war.”


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