Political Theories and the World Bank

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Table of Contents

Introduction. Realism

Known as ‘power politics’ or means to exercise power
World Bank massive financial institution which poorer nations depend on for subsidies
Manner of soft power of the richer states contributing to the World Bank over poor states
World Bank policies directed by Western countries

A political philosophy which promotes individual rights, democracy, equality and free enterprise
World Bank seeks to work with countries to improve conditions for economy and individuals
Countries are evaluated first based on their freedom and democracy, and funds must be used for specific measures
Communism
A political, social, and economic theory based on ideas of Karl Marx emphasizing pure equality and common ownership in society
World Bank has historically and currently seeks to avoid cooperation with Communist and Socialist-oriented countries
World Bank is an international organization, in a way belonging to everyone, and its mission is to raise the economic conditions to an equal prosperous level everywhere

A social theory seeking to promote advocacy of women’s rights and equality of sexes
World Bank contributes funds to countries for social causes including gender equality development such as through education and jobs
World Bank seeks to promote gender equality and female empowerment through its strategies, programs, and cooperation with world governments

Political constructivism seeks to produce and defend principles of justice and legitimacy through complex entities which are seen as moral and with obligations
World Bank actively promotes justice as it engages in providing finances to societies which are inherently unequal
When evaluating governments, the World Bank seeks to ensure they are moral and chosen by the people before providing them with the necessary funds