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Rutgers Model United Nations - Institute for Domestic and ...

Rutgers Model United Nations - Institute for Domestic and ...

Rutgers

Rutgers Model United Nations 25 Discussion Questions • Are the IMF and World Bank to blame for the lack of development in the developing world? • Are there practical solutions for improving countries financial infrastructures without burdening them with further loans? • Is private lending something we can regulate? Is private lending something we should regulate? • In the global free market is a body to regulate currency necessary? • If the World Bank stopped charging interest could they ensure that the money is spent prudently and is spent on the people it is intended to help? • Is debt forgiveness a good idea? • Can debt legitimately be called a form of neo-colonialism? • If the IMF did not exist how would countries’ economies and the world economy react to financial crises? • Is creating regional banks such as Banco del Sur a viable solution to the current problems? • How do we ensure that fund lent are not diverted by government corruption? Should the IMF and World Bank knowingly lend to corrupt governments?

Rutgers Model United Nations 26 Bibliography For Further Reading International Monetary Fund, www.imf.org This site gives you all the information you need to know about the IMF, its policies, agenda, and practices. Use the tabs along the top to access material from the IMF about its outstanding loans, past loans, history, organization, and financial reports by its experts on the economies of specific countries and of the global marketplace. World Bank, www.worldbank.org This site gives you all of the World Bank projects, information, and operating policies, directly from the source. They have excellent feature and archived articles on many topics in world finance from development, to debt relief, to rising food prices. The Data and Research tab at the top of the screen is an excellent source of hard information on countries and World Bank’s statistics. Chossudovsky, Michel. The Globalization of Poverty: Impacts of IMF and World Bank Reforms. Zed Books, June 1997 This is a great book on the global economy and how it has been affected by the IMF and World Bank. It details how the World Bank and IMF have changed since their inception at the Bretton Woods Conference. This book debates whether the new, more global focus of the IMF and World Bank since they have completed their original tasks has benefited the global economy. Takes a deep look at whether the combination of globalization and the IMF and World Banks shift in focus has actually increased poverty. Millet, Damien and Touissant, Eric. Who Owes Who?: 50 Questions about World Debt, Zed Books, December 2004 Carefully studies all facets of world debt. Has extensive material on debt relief and debt restructuring and whether or not it is good for the local and global economies. Discusses in depth the theory that debt has become a form of neo-colonialism that the Developed world, the former colonizers, are using to keep the Developing countries, many of which are former colonies, under their financial and economic influence.

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