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The World Bank - Online Term Paper

The World Bank


Bureaucracy is one of the pillars of modern western society. Although this
statement is debatable from many aspects, most would agree that, at the very
least, our lives are greatly affected by bureaucracy. Bureaucracy is the 'pure
form of rational organization' (Newson, Jan 11). Not only is it a method for
achieving goals efficiently and effectively, but it is acclaimed as the most
able strategy to meet objectives. The World Bank is a classic example of a
bureaucratic organization. It embodies all the characteristics necessary to
qualify; from its complicated hierarchy and impersonal relations, to the
specialization and career orientation of its employees. However, not everyone
agrees on ...

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is one of the world's most powerful agencies. Although it
characterizes itself as a purely economic institution -- which controls the
lending of billions of dollars -- in practice its influence, wealth, and
policies all result in having immense political power (Faith 1). Although
originally created to serve as an institution to help rebuild the world (i.e.
Europe) after World War II, its task has since shifted to development work and
poverty reduction. Through its immense control of wealth, and its international
reputation, the Bank has managed to lend billions to 'under-developed' nations.
The loans take many forms, including financing of mega-projects and structural
adjustment. Beginning in the 1980's vast amounts of criticism on the Bank's
policies began to appear, finding faults in much of its work. Many of its
projects have been declared more harmful than helpful, often worse names have
been used. The Bank has managed to make enemies in many activist circles;
including ...

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(part II countries). Instead of dealing with these problems, it fools
itself and others into believing in a positive end result; ignoring the rule
'the ends do not justify the means' not to mention the fact that many do not
foresee a positive end. To deal with the image problem created by its own
disasters, the World Bank has attempted to make itself appear more effective.
Yet it seems to have forgotten that what is important is not the image but the
results. This is what has become of the humanitarian goals of the World Bank.

The Bank, despite its many critics, is considered by most to be "the world's
foremost, most prestigious official development institution" (Faith 112). Many
seeking ...

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"The World Bank." Essayworld.com. April 11, 2007. Accessed November 14, 2024. http://www.essayworld.com/essays/The-World-Bank/63192.
"The World Bank." Essayworld.com. April 11, 2007. Accessed November 14, 2024. http://www.essayworld.com/essays/The-World-Bank/63192.
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PAPER DETAILS
Added: 4/11/2007 10:32:47 AM
Category: Economics
Type: Premium Paper
Words: 3045
Pages: 12

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