History of the World Bank. What is the impact of the world bank upon Essay

History of the World Bank. What is the impact of the world bank upon development in the south - Essay Example The World Bank Group has five agencies (IEG, 2008). Since its inception during World War II with an objective to rebuild Europe, the World Bank generated more criticism and controversy than any other financial institution in the world. Even threatened by its conceivers, beneficiaries, and supporters, the World Bank is closely monitored by agencies which developed around it over a period of time. The institution itself reached at a stage of engulfed by the mounting pressures. However, these pressures have always been there and exerted by either donor governments, national governments, donor agencies, citizen groups, or even World Bank's employees. Their annual meetings are echoed by the slogans of "Ya Basta!" ("Enough is enough!")(Nath, 2001, p.1). Moreover, Meltzer commission report (2000) declared the World Bank as "irrelevant" in the mission of reducing poverty and promoting development (cited in Nath, 2001, p.1). The World Bank as Global Development Agency During the Bretton Woods , USA conference in 1944, 43 countries' meeting led to the establishment of International Bank for Reconstruction and Development (IBRD).IBRD's major objective was to provide loans for rebuilding Europe after WWII. For instance IBRD provided US$28,600,000 for rebuilding and development of the steel industry in France, Belgium, and Luxembourg (World Bank, cited in Nath, 2001, p.2).However, the World Bank's lending portfolio failed to meet the increasing demands within the industrialized countries. Mounting pressure led IBRD to channelize its funds in other developing and poor nations. However, the lack of expertise in dealing with developing countries and a continuous pressure to lend made it disastrous which led to overnight rebirth of IBRD as the World Bank. In its shift from West to East, the World Bank could anticipate the investment opportunities in long-term loans to developing countries for their huge infrastructure projects. It led to the dramatic increase in the Bank's lendi ng for large scale dam project sin Asia, roads projects in Africa, and highway projects in Latin America(Nath,2001,pp.2-3). With above deployments, the World Bank found its niche-electricity supply that is associated with dam projects and represented nearly 50 percent of Bank's annual lending.World Bank patented the approach of "Economic Colonization" for global development. The newly found role as a developmental financial institution, World Bank grew as a powerful and influential institution throughout world. Its investments proved to be very profitable for donors and stakeholders since 1948.There had been times when annual rate of return exceeded the annual amount of loan provided. In that period, even when Bank focused on investing in socials sector, the traditional sector investments increased (World Bank 1992, BIC, 1990 cited in Nath, 2001, p.3). The trend of such investment and returns continued until international debt crisis emerged in early 1980s.The risk of World Bank loa n's default increased. The Bank changed its focus after a series of closed door meetings of World Bank's shareholders (United States, Japan, Germany, France, and UK). Rather than a traditional project lending approach, World Bank focused on bringing developing economies in its control in order to ensure the return. Until the ends of early 80s, approximately 25 percent of the Bank's funds were used for economic restructuring of developing countries through its Structural Adjustment Programs (SAPs).SAP was remote controlling the budget and expenses of the recipient countries. World Bank and IMF, often called Bretton Woods twins, were in a

Development of Pprogram for Non-Verbal Communication Skills Research Paper

Development of Pprogram for Non-Verbal Communication Skills - Research Paper Example Everything communicates, including material objects, physical space and time systems. Although verbal output can be turned off, non-verbal cannot. Even silence speaks. Non-verbal signals are powerful, instinctive, genuine and more honest. Social etiquette limits what can be said, but non-verbal cues can communicate thoughts. MODES OF NON-VERBAL COMMUNICATION Non-verbal communication has the following modes – Proxemics – Nearness or physical distance between speakers. Chronemics – Time systems. Oculesics – Eye contacts and reflection of mind through eyes. Haptics – Touch sensation Para-language – features of intonation, stress etc. Kinesics – gestures Silence Inaction Demonstration Environment NEED AND IMPORTANCE OF RESEARCH Words are accented and punctuated by body movements and gestures while the face shows a myriad of expressions. While communicating, non-verbal messages can interact with verbal messages in five ways – repeati ng, conflicting, complementing, substituting and moderating. It is important to be aware of the dominance of the non-verbal message. The validity and the reliability of verbal messages are checked by non-verbal actions. Verbal and non-verbal messages within the same interaction can sometimes send opposing or conflicting messages. A person verbally expressing a statement of truth while simultaneously fidgeting or avoiding eye-contact may convey a mixed message to the receiver in the interaction. Conflicting messages may occur for a variety of reasons often stemming from feelings of uncertainty or frustration. When mixed messages occur, non-verbal communication becomes the primary tool people use to attain additional information to clarify the situation. Great attention is placed on bodily movements when people perceive mixed message4s during interaction. This mode of communication increases the degree of the perceived psychological closeness between people. Non-verbal communication s kills pervade all areas of life like business, marketing, management, trade and education. It is natural. Instinctive and universal and can serve to bridge the communication gap in the global scenario. LITERATURE REVIEW There is abundant research on communication but cooperatively, much less attention has been given to non-verbal communication. Most of the studies in this field are carried out by doctors or medical practitioners. They are related to autistic children or mentally retarded children or children having special needs. Albert Mehrabian, an American psychologist, has studied the relative importance of verbal and non-verbal communication. He came to the conclusion that there are basically three elements in face-to-face communication – word, tone of voice and body language. According to Mehrabian, these three account differently for the meaning of the message. Words account for 7%, tone of voice accounts for 39% and body language for 55%. For meaningful and effective communication, these three elements need to support each other. While verbal communication is only 7%, non-verbal consists of 38 + 55= 93%. Hence, there is no doubt as to its importance. REVIEWS 1. The researcher conducted a study on schools children and concluded six ways of improving NVC skills, like miming, watching video clips and interpretation of gestures. (Vicki Ritts )