Table of Contents
Introduction. Realism
- Known as ‘power politics’ or means to exercise power
- World Bank massive financial institution which poorer nations depend on for subsidies
- Manner of soft power of the richer states contributing to the World Bank over poor states
- World Bank policies directed by Western countries
Liberalism
- A political philosophy which promotes individual rights, democracy, equality and free enterprise
- World Bank seeks to work with countries to improve conditions for economy and individuals
- Countries are evaluated first based on their freedom and democracy, and funds must be used for specific measures
- Communism
- A political, social, and economic theory based on ideas of Karl Marx emphasizing pure equality and common ownership in society
- World Bank has historically and currently seeks to avoid cooperation with Communist and Socialist-oriented countries
- World Bank is an international organization, in a way belonging to everyone, and its mission is to raise the economic conditions to an equal prosperous level everywhere
Feminism
- A social theory seeking to promote advocacy of women’s rights and equality of sexes
- World Bank contributes funds to countries for social causes including gender equality development such as through education and jobs
- World Bank seeks to promote gender equality and female empowerment through its strategies, programs, and cooperation with world governments
Constructivism
- Political constructivism seeks to produce and defend principles of justice and legitimacy through complex entities which are seen as moral and with obligations
- World Bank actively promotes justice as it engages in providing finances to societies which are inherently unequal
- When evaluating governments, the World Bank seeks to ensure they are moral and chosen by the people before providing them with the necessary funds