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
Constrains
Constrained by
Problem
Value
Reference
SDG
Metadata
Database
Global strategies
Type
(E) Emanations of other strategies
Subject
Amenities » Maintenance
Conservation » Conservation
Economics » Resource utilization
Industry » Industry
Societal problems » Imbalances
Content quality
Yet to rate
Language
English
Last update
Feb 20, 2020