World Bank-Role in Avoiding Economic Crisis World Bank and Economic Crisis World Bank: How necessary is World Bank in avoiding an economic crisis? Increased capital flows and economic crisis Leveraging the liquidity of developed countries Global Financial Development Report 2013 (GFDR) World Bank: How necessary is World Bank in avoiding an economic crisis? As a result of Bretton Woods's conference, the World Bank (WB) was created in 1944. The most influential role in the establishment of WB

One way to reform the Bank would be to make it more accountable to an outside body of independent examiners, so that information it generates is not so self-serving and internally generated. In addition, since there have been so many charges of corruption and mismanagement, it is clear divisions such as the "anti-corruption" division are not working, and these areas need to undergo major reform. Perhaps a total reorganization

Perhaps as a reflection that the World Bank had maintained more relevance over the past decade than the IMF, the G20 did not expand its role as significantly. There were, however, changes made to the World Bank. The first step was to lessen the influence of the United States on the institution, which had been dominated by the Americans since its inception. More power was given to emerging economies such

However, the role of the governments to put their finances in order have taken a new twist with the recent election results where the anti-austerity candidates have won with a sweeping majority. This has put the ECB in the spotlight again because the bank wants the governments to make tough choices to reduce its debt. ECB wants Greece to implement its agreed restructuring plan because it does not want to

The growing need for interdisciplinary education in the sciences has been recognized, as well, since students have often limited themselves to a specialized field without gaining the required skill sets to undertake broader issues. As the world becomes more complex, technology faster and business increasingly competitive, organizations are going to need "Renaissance people" who have a broad background in different areas, so they can clearly see the gestalt of a

Financial Reports The role of the state is subject to considerable debate, with respect to the forces of globalization. Some feel that the state will become obsolete. Certainly, the role of the state has evolved over time -- identities and the idea of sovereignty are subject to this evolution (Mozaffari, 2001). Stiglitz (2007) has argued that the expansion of globalization has outpaced this evolution of the nation-state. There is a