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What are the critics of advocates of World Bank in promotion of development?

Critics of the World Bank argue:

• A one-size-fits all strategy which does not take account of individual countries exact contexts.

• The burden of structural adjustment included falls disproportionately onto the most vulnerable within society

• Poverty is yet widespread into countries subsequent HIPCs

• Aid quite than loans or cancelling third world debt is more effectual use of WB resources

• Markets are sometimes seems as unsuitable for promoting development.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9580375

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