... financial flows. The institutions involved were the IMF (International Monetary Fund), World Bank and GATT (General Agreement on Tariffs and Trade), which later became the WTO (World Trade Organization). The post-Second World War compromise of welfare states and moderately liberal international economic policies was quite successful until the early 1970s. However, the post-war financial system had ... many centuries. Colonial powers generally justified their presence on the basis of trusteeship, or as part of a so-called civilizing mission to introduce more sophisticated forms of politica...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate

... better place the discussion of competitiveness in the societal and environmental context, the World Economic Forum has begun exploring the complex relationship between competitiveness and sustainability as measured by its social and environmental dimension. The work carried out to date on these important aspects of human and economic development is described in Chapter 1.2. Going forward, the World Economic Forum will ... the state at the international level and for the economies of many countries. The quality of institutions has a strong bearing on competitiveness and growth. It influen...

• Word Count: 4162
• Approx Pages: 17
• Has Bibliography
• Grade Level: Graduate

... vulnerable to the changing world market. The economy's reliance on the world market is an important economic effect of colonialism, as are the new social and demographic changes effected by Africa's incorporation into the global economy. The introduction of an organized commercial economy has largely replaced Africa's traditional economy of ... daily requirement for survival. Africa's poor gained little or nothing from colonialism, but its elites certainly owe their fortunes to colonialism. The colonial era introduced social and demographic changes in Africa that have affected the econom...

• Word Count: 917
• Approx Pages: 4
• Grade Level: Graduate

... vulnerable to the changing world market. The economy's reliance on the world market is an important economic effect of colonialism, as are the new social and demographic changes effected by Africa's incorporation into the global economy. The introduction of an organized commercial economy has largely replaced Africa's traditional economy of ... daily requirement for survival. Africa's poor gained little or nothing from colonialism, but its elites certainly owe their fortunes to colonialism. The colonial era introduced social and demographic changes in Africa that have affected the econom...

• Word Count: 917
• Approx Pages: 4
• Grade Level: Graduate