... the ranking.
“Going forward, we will be working on a new approach to assessing the business and investment climate,” the World Bank
informed
.
The Bretton Woods Institutions’ Original Sin and BRICS
While colonialism seems to be the thing of the ... ... inequality between the Global North and the Global South persists. This is happening due to power imbalances inscribed in the world economy and maintained by the developed countries, which claim to have the right and responsibility to set the rules of international ...
... slowdown” across the globe with the Fund revising its growth projection for global economic growth downwards and putting the 2019 growth estimate at the lowest level since the 2008-2009 financial crisis
This year’s Annual meetings of the IMF and the World Bank in Washington DC revealed a growing preoccupation with the mounting signs of a slowdown in the world economy. The IMF’s diagnosis was that of a “synchronized slowdown” across the globe with the Fund revising its growth projection for global economic growth downwards and putting the 2019 growth estimate at the lowest level since the 2008-2009 financial ...
... of trade alliances. Such trans-continental linkages are also increasingly observed in the Global South segment of the world economy, with China and India actively exploring the possibilities of integration projects with regional blocks and individual ... ... China and India from the Global South and the US and the EU from the advanced economies.
Another example is the IMF and the World Bank, where the votes of individual countries are aggregated into larger constituencies (chairs). In many cases the choice ...
