Question:
Analyze the roles played by the World Trade Organization (WTO), International Monetary Fund (IMF), and World Bank in the world economy. Why do their actions often generate hostility, and is it deserved? Explain your answer.
It has been argued that "The criterion for Bank resource transfers should not be poor people, but poor people in countries without access to private capital". (Lerrick, 2005) Furthermore in the World Bank website is clearly stated that "We are not a bank in the common sense;" (World Bank, 2010). What is your opinion? Do you think that the World Bank is orientating its action in a right way or not and if not, any ideas of how to redefine its action?