strategy
Exploiting disparity between industrialized and developing countries
Synonyms:
Maintaining disparity between industrialized and developing countries Implementation:
Voting power on the World Bank board is based on financial contributions, rather than on the principle of "one country, one vote". The world's five richest countries hold almost 40% of votes, of which the share of the USA is 17%. This imbalance of voting power steers the Bank toward the interests of the industrial countries. Yet the Bank has little leverage over the policies of industrial countries, which often do not practice what they preach through the Bank about fiscal, monetary, trade, or adjustment policies.
Broader:
ExploitingPreserving Constrained by:
Industrializing developing countriesExposing effective negative loans from development banks to developing countries Problems:
International economic injusticeMaldistribution of resources
Unequal global distribution of economic growth
Values:
EqualityDisparityInequality Subjects:
Amenities → MaintenanceConservation → Conservation
Economics → Resource utilization
Industry → Industry
Societal Problems → Imbalances
Type Classification:
E: Emanations of other strategies Related UN Sustainable Development Goals:
