1. Global strategies
  2. Exploiting disparity between industrialized and developing countries

Exploiting disparity between industrialized and developing countries

  • 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

Preserving
Yet to rate
Exploiting
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Constrains

Constrained by

Problem

Value

Inequality
Yet to rate
Equality
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Disparity
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Reference

SDG

Sustainable Development Goal #8: Decent Work and Economic GrowthSustainable Development Goal #10: Reduced InequalitySustainable Development Goal #12: Responsible Consumption and ProductionSustainable Development Goal #15: Life on Land

Metadata

Database
Global strategies
Type
(E) Emanations of other strategies
Subject
  • Amenities » Maintenance
  • Conservation » Conservation
  • Industry » Industry
  • Societal problems » Imbalances
  • Content quality
    Yet to rate
     Yet to rate
    Language
    English
    Last update
    Feb 20, 2020