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Tag Archives: World Bank

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History of the World Bank

Business & EconomicsBy William Anderson (Schoolworkhelper Editorial Team)June 15, 2011Leave a comment

The WB was created by the Bretton Woods Conference and evolved by adding additional institutions as additional tasks were identified. The initial objective of the WB was to provide loans for the rebuilding of Europe after WWII, later lending is provided to developing countries to foster development. Membership in the IMF is a prerequisite to…

World Trade Definitions

Business & EconomicsBy William Anderson (Schoolworkhelper Editorial Team)August 7, 2010Leave a comment

Austrian School (also Vienna School): A school of economics that emphasizes free markets, individual property rights, and freedom of association. It also calls for the abolition of central banks and a return to the gold standard. The school is based on principles postulated by the Austrian economist Carl Menger in the late 19th century. Boom…

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