Went for a talk by a guy from World Bank. I guess.. unless you are particularly intersted in helping poor countries develop their economy through policies or implementation of new ideas, and making sure that money (to the tune of MILLIONS!) is well disbursed, then maybe u shouold get there...
It helped that the guy was brutally honest about how some of their plans have not worked as well as they hoped... and also, how some countries are super screwed up... Hahaha.. He actually managed to tie a certain country's electoral system into his speech and well, it coincided with what I learnt in democracy... Hahaha...
And well... I guess usually, people are too critical of international organizations like IMF or WB. As the speaker said, If everything is so easily resolved or as simple as some think, then there would be no need for these organizations to exist. and those problems would have been solved long long ago. Which I guess is true... It's always easier to talk and plan but things may bot go according to plans because of different cultures, way of doing things.
A very poignant point:
"If you have a choice to give $10 million to a country for them to build infrastructure for run down villages and you know that $1 million would go to corruption, would you still go ahead with it?" The alternative is that no help be rendered to the poor people. What do we actually one? I think this is kind of a slippery slope argument whereby when is the money going into corruption too much?
Wednesday, April 27, 2005
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