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A New Green Order?: The World Bank and the Politics of the - download pdf or read online

By Zoe Young

ISBN-10: 0745315488

ISBN-13: 9780745315485

ISBN-10: 0745315534

ISBN-13: 9780745315539

The worldwide setting Facility (GEF) is a publicly funded, multi-billion greenback test in international source administration. It was once arrange in 1991 less than the auspices of the area financial institution to fund foreign conventions on weather switch and biodiversity. Investigating the workings of this little identified reduction fund, Zoe younger takes a severe examine the conflicts concerned, concentrating on how the GEF's schedule pertains to questions of globalisation, wisdom and responsibility within the usa and the realm Bank.Zoe younger explains how the GEF was once shaped by way of Western governments to deflect protest opposed to the environmental affects of the realm financial institution and the IMF within the Nineteen Eighties, whereas protecting regulate of the scope of the recent treaties. She examines the imperative paradox of the GEF: even though meant to advertise reform and co-operation for 'global' conservation, the GEF can't problem destructive financial guidelines or strong curiosity teams. in its place it has helped to place costs on nature and open up Southern assets and markets to 'global' specialists and traders. As our landscapes, fertility, cultures and ecosystems are being destroyed on a daily basis, Zoe younger offers a stressful account of the complicated concerns that needs to be addressed sooner than the world's setting should be controlled extra democratically -- and successfully.

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Additional resources for A New Green Order?: The World Bank and the Politics of the Global Environment Facility

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With the ‘international economy … riddled with monopolies and near-monopolies, application of a deregulated free trade agenda was bound to lead to the enrichment of powerful nations and progressive impoverishment of the poorer nations’ (Rowbotham, 2000). Most Southern governments continue to play along with the Northern-led ‘free trade agenda’, despite its manifestly sloped playing field, because they see no alternative to taking the offered dollar to finance deficits and development. In addition, corrupt elements in collaborating elites can take a cut of any new loans and privatisation deals for personal use and/or distribution among their political allies, while buying Western-made luxuries and weaponry with which to repress the inevitable ‘IMF riots’ (Caufield, 1996; Palast, 2002).

6. In 1947 the World Bank and IMF were officially made specialised agencies under the umbrella of the UN system (Sand, 1994) but they remain functionally independent. Global Enclosures and their Discontents 23 usurped this role. , to the benefit of transnational firms and national elites, if not always of the avowed goal of steady economic growth in host countries (George, 1988; Rich, 1994). 5 billion in consultancy contracts privately distributed (Draffan, 2000). In a two-year period in the late 1990s, US corporations received nearly $5 billion in contracts with the help of former World Bank staff in their employ.

28 A New Green Order? , 1987)) has long been emerging in many Southern capitals. When newly independent nations – abandoned by many of their professional classes and lacking funds for government – sought help from abroad for infrastructure and institution building, the World Bank was able to offer not just funds but staff, training and advice consistent with the Western allies’ post-war agenda for international business. For example, since 1956 the World Bank has had an ‘Economic Development Institute’ based on the thinking that ‘If people came into association with the Bank through studying here, they would carry with them ideas that were more congenial to the Bank when they went back to their own country’ (EDI’s first director, Alexander Cairncross, quoted in Caufield, 1996).

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A New Green Order?: The World Bank and the Politics of the Global Environment Facility by Zoe Young

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