ipl-logo

Explain Whether Or Not You Feel That The Negative Impacts Could Have Been Avoided

1163 Words5 Pages

Research and find one project of the World Bank or the IMF that created problems for the nation that received its assistance. Describe the project and what the negative outcomes were. Explain whether or not you feel that the negative impacts could have been avoided? Why or why not? Further explain your opinions on whether you believe that international financial institutions such as these could consistently provide assistance in an objective, unbiased and responsible manner. Why or why not? If you do believe it is possible, then how could it be ensured?
During the 1940’s the World Bank was created in an attempt to bring the world back on its foot after the world war and the World Bank was created during the Bretton Wood conference that took …show more content…

Those projects are mainly focused on improving the infrastructure and the economy of those developing countries in order to enhance the development process. Unfortunately there has been some kind of criticism that arouse in regards to those projects. This essay will focus on the Chixoy Dam in Guatemala, that particular project sponsored by the World Bank brought forward a great deal of controversy. I will elaborate on what the Chixoy Dam was about, what drawbacks resulted from the projects that created havoc and also how those drawbacks could have been avoided. Furthermore, I will also talk about how the World Bank can change in order to be more objective, fair and be more responsible.
In 1976, the World Bank and the IADN (Inter-American Development Bank) sponsored the Chixoy Dam Project or the Chixoy Power Project. The project involved the building of a dam near the confluence of the Chixoy and Quixal river of about 108m high with a tunnel of about 25.6km long, a generator of 5x60MW, a substation with transmission of up to 230kV to Guatemala City, and other set-ups to create a source of water and …show more content…

Such a horrific situation could have been avoided I believe. Since the World Bank was sponsoring a project for the betterment of the population of Guatemala, it is their duty to gather as much information about the site in question and how to handle the situation in a more humane way. The population of Rio Negro was going to be relocated at Pacux, an arid and poor community (Russelle G., 2014, September 2). The deal should have been fairer to the Maya Achi people. Furthermore knowing the fact that the country of Guatemala under the leadership of a genocide supporter, this project should have been delayed until a better leader would have been in position. The World Bank should have intervened in such a brutality toward the people of Rio Negro but somehow turn their back to them. Proper planning was a must and for an institution that deals with money, the projected amount was really

Show More
Related
1423 Words | 6 Pages

The United States invested 66 million in the project and were being returned roughly 37 million which is more than half of the money invested. This means the money rate will most likely keep increasing as more crops are produced and the creation of different techniques of irrigation are made to save more money and water. They needed to level out the rate of income to match or go over the money invested. Yuma made a 400 million dollar plant with a purpose of desalting water coming from California to be sent South of the border into Mexico. The desalting plant wasn’t very beneficial and was considered useless to Yuma.

Read More
865 Words | 4 Pages

Because of that, the U.S. government tried to stop Arbenz so he could not interfere with their plan. Arbemz eventually announced his resignation as President of Guatemala. That leads into the next argument, which is that the CIA went into Guatemala to protect the funds of the

Read More
1220 Words | 5 Pages

Although this project was not the most successful in rebuilding the economy by any means it budgeted money to be spent on constructing buildings such as dams and hospitals and temporarily provided some employment to those who needed

Read More
269 Words | 2 Pages

(Positive and Negative effects) The Manhattan Project is known to have had several positive effects. One of which came after the end of World War II when the AEC (Atomic Energy Commission) was created by congress to control Atomic energy development for peaceful reasons. They declared that Atomic energy should not only be used for security reasons, but for promotion of world peace and improving public welfare. Both of these foundations were urged to be formed after the world saw the devastation caused by the Atom Bomb.

Read More
745 Words | 3 Pages

This helped america greatly which made sense because world war II was such a problem most people prefer to not talk about it. “The World Bank couldn't be big enough in its terms”. is what my great grandfather said in an interview in 1934.In 1944 at Bretton Woods, N.H. There, the United States and Britain effectively designed the postwar international monetary system. In doing so creating the International Monetary system.

Read More
523 Words | 3 Pages

The problem is that the UN can't help much in certain countries like Rwanda. Otherwise, more people wouldn't have

Read More
307 Words | 2 Pages

During the periods of 1900 to 1912, the federal government and the Progressive Era reformers were able to bring limited change. This time period was when the U.S. desired to improve life in the industrial age by creating social improvements and political changes through government action. The Progressive Era reformers and the federal government support reforms as to limit the control of voting rights for women, trusts, improve sanitation, and enact child labor laws. Although they both managed to establish a precedent for more active roles in the federal government and managed to improve the quality of life, there were inevitable negative effects that occurred due to the Progressive movement. The efforts had both successes and limitations.

Read More
1231 Words | 5 Pages

Guatemala is located in Central America and was once heavily populated with the Mayan population. Ever since the Spaniards took over the land that the Mayans called theirs, the Mayans became enslaved in their home country and have been struggling to regain power ever since. For many years the people of Guatemala have been poorly treated and have been constantly fighting to keep their land against the government. Guatemala has been at civil war for a very long time due to economic and political inequalities which in turn lead to the Mayans protesting against the governments that were causing damage to their land. Although the Mayans believed that these protests would solve the issues that they were facing but in reality the government just invested

Read More
257 Words | 2 Pages

The progressive era caused the American concepts of freedom to be more centered around the idea of individual economic stability. This would not have came about if there wasn't for some of the negative aspects of life at the time. Big businesses, monopolies and corruption drove the need for americans to band together. This caused the people to seek out a stronger government that would regulate businesses, ensure worker rights, help economic growth and provide economic security for not just the rich. Industrialization created an abundance of wealth in America, and Americans flocked to cities to get their chance of the American dream.

Read More
526 Words | 3 Pages

These agreements (often called BW Pillars) were: the International Monetary Fund (IMF), World Bank, and the International Trade Organization (ITO). Although most agreements are less relevant nowadays, they all held unique and important parts in shaping said system. The IMF, which started with a goal of creating an international payment system, now have two functionalities. First, It oversees the financial systems of the member nations. Second, it loans money to nations in need, but only if they promise to seek assistance to fix their financial policies.

Read More
1366 Words | 6 Pages

Once Colonel Armas took control over Guatemala, he and his military stripped the poor of their rights, which caused them to rebel(Genocide). During the 1970s, the Mayans realized they were being treated unfairly and “began participating in protests against the repressive government, demanding greater equality and inclusion of the Mayan language and culture”(Genocide). The government responded with violent actions targeting the Mayan population because they did not believe the Mayans deserved equality. Therefore, they justified these repressive regimes with the excuse of trying to contain and suppress the rural poor, who were supposedly guerilla war sympathizers, from rebelling. In reality, the government’s true intentions were to eliminate the Mayan and indigenous poor because they saw them as inferior.

Read More
1155 Words | 5 Pages

Ava C. Hill English 2 Term Paper 16 February, 2016 The Effects of World War II The most violent and largest war, a war that changed and influenced America forever, World War II. This war is one of the most relevant, talked about wars in the twenty century. Millions of people around the world talk about this everyday.

Read More
620 Words | 3 Pages

My feeling is that this could have been entirely avoided, and I support that statement by looking at the policy changes implemented by the World Bank after wide-spread public outrage at the Polonoroeste

Read More
1498 Words | 6 Pages

It is essential to know more transparently about the role of foreign aid what it institutes for countries. There is a conventional belief that foreign aid is always regarded as the right thing to do,

Read More
895 Words | 4 Pages

The Cold War was a state of geopolitical tension after World War II between powers in the Eastern Bloc (the Soviet Union and its satellite states) and powers in the Western Bloc (the United States, its NATO allies and others). Historians do not fully agree on the dates, but a common timeframe is the period between 1947, the year the Truman Doctrine (a U.S. foreign policy pledging to aid nations threatened by Soviet expansionism) was announced, and 1991, the year the Soviet Union collapsed. The term "cold" is used because there was no large-scale fighting directly between the two sides involved in the conflict, although there were major regional wars, known as proxy wars, supported by the two sides. The Cold War split the temporary wartime alliance against Nazi Germany, leaving the Soviet Union and the United States as two superpowers with profound economic and political differences.

Read More

More about Explain Whether Or Not You Feel That The Negative Impacts Could Have Been Avoided

Related Topics

Open Document