There have been so many attempts in assessing the functions and aims of fair– trade, World Bank, IMF and Washington Consensus in the context of development. This paper is of importance because development is so much a relevant concept not only in the field of sociology but really in every part of the world especially that of the developing ones. By means of development, fair – trade, World Bank, IMF and Washington Consensus are real opportunities to achieve development, especially among the disadvantaged nations. Review of Related Literatures This section of the paper will first present an idea of the available pieces of literature regarding the topic under study.
The objective of this part is to offer a cursory outlook on how the range of presented information is sought to address the problem of this research. In order to grasp an understanding of what really the function of the fair – trade it serves in relation to the World Bank and International Monetary Fund. On the one hand, it is of necessity to note that the reviewed books, articles and other materials presented in this paper are not a representative of the entire array of the information regarding the topic under study.
It is the case that the reviewer examined and presented materials serve a purposing of aiding to grasp a sociological point of view on how to understand the function of fair – trade movement in relation to the World Bank and International Monetary Fund. The World Bank and the International Monetary Funds, both the world’ s biggest source of development finance, were once initially designed to make sure that economic growth existed in all countries and likewise, to guarantee that all countries worldwide was stable in terms of financial aspects, mainly because of the impacts of World War II.
However, these two institutions have now changed its directives from the time when both the governments of the United States and the United Kingdom modified their obligations at The Bretton Woods Conference in 1944 (STWR, no date).
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