1. How to Keep the Third World Countries at bay

2. Recipients of Aid Single commodity countries Lack of trained people
prices fluctuates because of the world market economy
Lack of trained people
building an educational system takes time
insufficient amount of people to learn the technology

3. Recipients of Aid Quest for capital Need for foodstuffs
seek it overseas because of lack of supply
Need for foodstuffs
implemented policies to encourage cash crops
food for consumption diminished
need food imports to feed citizens

4. Bilateral Aid
Direct aid from one country to another, usually from First World countries to Third World countries

5. Multilateral Aid
Aid that is funneled by a non-affiliated agency, such as the World Bank or UN agencies
considered to be more objective
less politically affiliated and more freedom is granted to the developing country
less intrusion

6. World Bank History Created to help in reconstruction after WWII
Grant loans for non-profitable construction like roads, schools, and housing projects.
Loan money to less industrious countries for promotion of their economic growth.

7. International Monetary Fund
Mission is to supply member states with money to help them to overcome short-term balance of payment difficulties
Money is only made available after the recipients have agreed to policy reforms in their economies-to structural adjustment
Membership of the World Bank is conditional upon membership of the IMF

8. Structural Adjustment Programs
Grant other more industrialized countries, like the US, access to resources like cheaper labor and foreign investment with lower export tariffs.

9. Consequences of Aid Economic deprevation Environmental devastation
Social expenditures are slashed, like health and education
Environmental devastation
Massive deforestation
Near extinction of nearby coastal fish

10. Structural Adjustment Programs
Third World Countries
national removal of subsidies to the poor on basic food stuffs
tax systems are made more repressive
real wage rates are allowed to fall sharply

11. Structural Adjustment Loans
Not tied to one specific project
Governments had to agree on a drastic program of liberalization for multi-million dollar loans
reduced state’s role in the economy
lowering barriers to imports, removing restrictions on foreign investment
emphasizing production for export rather than for local consumption

12. Privatization and Deregulation
Foreign investment is taking over the developing countries
Less power and control on the part of the developing state
Can raise rates, which make the poor suffer
Local governments are given money to let foreign investment take over.

13. Solutions Abolish these institutions
Create a special UN agency to control the World Bank and the IMF
Peoples and countries force change on the institutions, by confronting them with evidence of the injustices

14. Cycle of Oppression Funding for Third World Countries
Never get out of debt
Resources will be depleted to pay the debt
Third World countries will get poorer
Industrialized countries will be more rich

15. Strategic implementation of repayment
Conclusion
Once offered funds, Third World Countries will never be out of debt
Kept in a cycle of repayment
This binds the less industrialized countries to ask for more funds
The process of granting aid should be slowed down or thrown out

16. Works Cited
Arnold, G.(1985). Aid and the Third World: The North/South Divide. London, Great Britain: Robert Royce Limited.
Danaher, K. (1994). 50 Years is Enough: The Case Against The World Bank and the International Monetary Fund. Boston, MA: South End Press.

17. Works Cited
Hancock, G. (1989). Lords of Poverty: The free-wheeling lifestyles, power, prestige and corruption of the multi-billion dollar aid business. London, Great Britain: MacMillan London Limited.
Herman, E. S. (1995). Triumph of the Market. Boston, MA: South End Press.