The World Bank And The Imf Essay - 1328 Words

The World Bank and the IMF are collectively known as the Bretton Woods institutions. They were formed at a conference in Bretton Woods in New Hampshire with the aim to addressing concerns to do with stability of world economic markets. IMF is mainly tasked with offering surveillance, financial aid and technical assistance. IMF has 187 member states who each appoint a representative to the IMF’s board of Governors. The World Bank has its voting power controlled by the USA and it was built with the main aim of â€Å"reducing poverty in middle-income and creditworthy poorer countries by promoting sustainable development through loans, guarantees, and non-lending which includes analytical and advisory services.† Whether African countries have benefited from IMF/World Bank projects is a subject of controversy. Rono, J. K. (2002) opines that adjustment programs have caused de-legitimization of state which has led to political violence, riots and frequent regime changes in som e countries in sub-Saharan Africa such as DRC, Zambia and Nigeria. For purposes of this research, I will restrict myself to discussing what is known as the structural adjustment program popularly (SAPs) in Kenya. According to Rono, J. K. (2002) Kenya adopted economic reforms mainly with the aim of achieving macroeconomic and structural adjustment which were initiated by the World Bank and the IMF in from 1980 onwards. I am persuaded to agree with an opinion by Rono, J. K. (2002) that the well intended adjustmentShow MoreRelatedThe Imf And The World Bank Essay1297 Words   |  6 PagesGlobalization Learning Journal 2 Throughout this section of the class, the IMF and the World Bank have been studied extensively. All students have come away with different ideas about these two organizations. In the following paragraphs, I will attempt to explain my own thoughts on the IMF and the World Bank. Mainly, that their practices are insufficient for accountability and do threaten the sovereignty of certain nations. I will also attempt to explain why I think this is the case. The firstRead MoreImf : Imf And World Bank1255 Words   |  6 PagesIMF OR WORLD BANK. THE PROJECT One of the World Bank or the IMF project that was developed is â€Å"Rebuilding Infrastructure.† It was set in motion to aid the rebuilding of Infrastructures in countries that were ravaged by, during and after World War II. The project (Rebuilding Infrastructure, under the supervision of IMF and World bank), was originally intended for, and as a principal supervisor on agendas such as poverty reduction, quality education, provision and availability of pure and clean waterRead MoreImf And The World Bank896 Words   |  4 PagesIMF and the World Bank were created after World War II. Rebuilding nations after the war was costly and this burden needed to be shared amongst nations. With global adherence in its agenda, UK and USA proposed the International Monetary Fund and the World Bank to help prevent nation in this rebuilding process. Having just experienced the Great Depression, they wanted a policy to help nations in certain crisis. One such policy was that countries that are in a financial crisis could request a shortRead MoreThe World Bank And Imf1096 Words   |  5 PagesAs a result of the inadequacies of the World Bank and IMF, Uganda today appears to be no better off today then as they were in the year(s) prior to acquiring the assistance in debt relief in 1998. According to Ana Eiras; â€Å"Despite such a monstrous display of resources, according to the index of economic freedom, the Bank’s money has done nothing to improve the economic freedom in recipient countries†. Erias goes on to make it clear that many of the country’s who have received assistance have seenRead MoreThe Imf, Wto, And World Bank1053 Words   |  5 Pagescontrast the IMF, WTO, and World Bank The World Bank was founded at the Bretton Woods Conference in 1944. The bank was first known as the International Bank of Reconstruction and Development. Their founding mission was to help countries during a post-war World War II era rebuild and reconstruct. They did this by providing loans to countries who had been destroyed during wars. Their first loan was made in 1947 to France to rebuild following World War II (World Bank Group). The World Banks’s missionRead MoreCriticism Of The World Bank And The Imf Essay808 Words   |  4 PagesAccording to Brettonwoods Projects â€Å"Criticism of the World Bank and the IMF encompasses a whole range of issues but they generally centre around concern about the approaches adopted by the World Bank and the IMF in formulating their policies, and the way they are governed† (http://www.brettonwoodsproject.org/2005/08/art-320869/) One may ask, are there really problem arising from the World Bank and IMF rendering services and administering relief to a nation? In the year 2013, An incident occurredRead MoreImf And World Bank Group1185 Words   |  5 PagesIMF and World Bank Group The IMF (International Monetary Fund) and World Bank were both founded in 1944, during a UN conference held in Bretton Woods in the United States. Delegates specializing in the field of economic policy attended from 44 countries, with the shared goal of establishing a framework of economic cooperation, in the hope of avoiding future financial instability on a scale witnessed during the Great Depression of the 1930’s. The IMF is currently accountable to and governed by 189Read MoreImf And World Bank Group1185 Words   |  5 PagesIMF and World Bank Group The IMF (International Monetary Fund) and World Bank were both founded in 1944, during a UN conference held in Bretton Woods in the United States. Delegates specializing in the field of economic policy attended from 44 countries, with the shared goal of establishing a framework of economic cooperation, in the hope of avoiding future financial instability on a scale witnessed during the Great Depression of the 1930’s. The IMF is currently accountable to and governed by 189Read More IMF, World Bank And Africa Essay2396 Words   |  10 PagesIMF, World Bank And Africa An avid viewer of television has seen the commercials portraying shortages of food and mass starvation in Africa. Yet in these times of relative prosperity, little is heard of Africa’s debt problem. Although the total debt of all African countries combined is small in comparison to that of the United States, millions of people suffer as a result. However, it is not until these countries have difficulty repaying their loans that the international community begins toRead MoreChallenges Faced By Imf And World Bank1784 Words   |  8 PagesChallenges faced by IMF and World bank Preface/ executive summary This report assesses the key risks facing the global financial system and how these challenges are faced by the financial institutions, IMF and World bank. The present report finds that fleeting dangers to worldwide financial stability have decreased since April 2016. The rise of commodity prices from their lows, alongside the continuous adjustments in developing markets, has upheld a recuperation in capital flows. In cutting edge

Effective Communication Among Group And Team Functioning

Communication is the sharing of ideas, thoughts and information between or among individuals. The way we communicate varies greatly among cultures throughout the world and has an extremely powerful impact within group and team environments. Effective communication enables us to engage in enriching social interaction with others, and allows for the creation of environments where group and team functioning can flourish. As simple as communication may seem, much of what we express to others has the tendency of getting misunderstood, therefore acquiring a skilled set of communication skills is crucial to the overall success of a team and group. Effective communication is more than simply sharing information. It is important to understand the true meaning and emotion behind the expressed information, and this can often become quite difficult when the subjectivity and complexity of nonverbal cues gets thrown into the mix. Throughout this paper, the meaning of communication and its applicat ion to group and team functioning will be explored, as well as the powerful impact it has in the health care setting. Effective communication amongst members of the health care team promotes teamwork and possessing an experienced and competent set of communication skills as a nurse is absolutely critical in providing safe, therapeutic and reliable care to patients. Similarities and Differences Between Groups and Teams All teams are groups, but not all groups are teams (Zayed Kamel, 2005).Show MoreRelatedEssay on Factors for Effective Teamwork1415 Words   |  6 Pages1. Communication Strategy. 2. Evolving Theory X and Theory Y. 3. Feedback through work conceiving and development. 4. Behavioural consideration. Behavioural consideration is the most analytical part which makes this theory more practical. [A0 3] 3.3 Usefulness of Motivation Theories The usefulness of motivation and organisational success is interrelated. These theories define the actual optimisation in organisation. The leadership orientation also changes due to these factors. Financial upliftRead MoreGroup Project Reflection1068 Words   |  5 PagesIn a team-oriented setting, everyone contributes to how well the group succeeds overall. You work with fellow members of the group to complete the work that needs to be done. Having the right people in the correct roles is an important factor in measuring the success of a team, where you are united with the other members to complete the main goals. Every group is made up of definite strengths and weaknesses. Our teams 3-5 major strengths necessary to work accordingly consist of Informer, SummarizerRead MoreWhat Is Team Building? Essay1680 Words   |  7 Pages What is Team Building? Team building is the process of turning a group of individual employees into a cohesive team, a group of people organized to work together interdependently and cooperatively to meet the needs of their customers by accomplishing their purpose and goals. (Heathfiled, 2016) Policing is said to focus on unifying local, state and federal law enforcement in efforts to reduce criminal activity and eliminating the fear of crime and the victimization of innocent citizens acrossRead MoreTeam Performance Improvement Essay1588 Words   |  7 Pagesâ€Å"To become a high-performing team the team must be competent at goal setting, making assignments and ensuring that team members have the skills to complete them, consensus decision making, setting high standards, holding people accountable, and running effective meetings† (Dyer, Dyer, Dyer, 2007, p. 74). In the article, â€Å"Professionals’ Views on Interprofessional Stroke Team Functioning† Jane Cramm Anna Nieboer (2011) seek to explain that interprofessional teamwork is considered the core componentRead MoreCreating And Leading Effective Teams947 Words   |  4 PagesCreating and Leading Effective Teams A team is a type of organizational group with independent members. They share common goals and work together to meet these goals (Northouse, 2016). The organization where I work has teams at various levels for maximizing the success. These teams include, core teams, coordinating teams, patient aligned care team (PACT), contingency teams, ancillary teams, support and administration teams (Veterans Health Administration [VHA], 2015). Some of these teams have interdepartmentalRead MoreEssay about achieving success and virtual teams1109 Words   |  5 Pagesï » ¿ Case Analysis - 3 Achieving Success in Virtual Teams Overview: In todays competitive world, companies are gradually vacating their cubicles and enter into the virtual workforce to increase work efficiency, reduce cost and resolve organizational problems (Ahmed Ebrahim, 2009). Nowadays, companies are investing a bulk amount of money on virtual teams to enhance their performance since it has become an indispensable prerequisite for companies to stay in competitive in the era of globalizationRead MoreThe Relationship Between Nursing And Health Care1680 Words   |  7 Pagesrelation to nursing and health care, and focuses on the meaning of cohesion among groups, and the importance of cohesion in the functioning of nursing teams and interprofessional teams. Throughout the discussion, the main focus is placed on how cohesion affects job satisfaction in nursing, the quality of care provided by nurses, and turnover of registered nurses. The Term ‘Team’ in Relation to Nursing and Health Care The concept ‘team’ is generally described as two or more individuals, each with their ownRead MoreKurt Lewin s Leadership Styles1526 Words   |  7 Pageswhose extensive work covered studies of leadership styles and their effects, along with many other theories (Kurt Lewin). Along with two other colleagues, Lewin performed research on the effects of three different leadership styles and the outcome on groups of boys. The three leadership styles that a manager can have; Authoritarian, Laissez-Faire, and Democratic. In order to develop a personal leadership style, it is first most important to identify the characteristics of each style and which styleRead MoreOrganizational Program Design Project Design1466 Words   |  6 PagesHealthcare MPH 543 October, 2014 Concordia University, Nebraska Abstract Majority of the organizations today are challenged by issues that test the strength and the ability of the organization; challenges that require strategic ways of thinking and effective leadership skill sets. In our present age of strategic dynamic change, it is critical that the managers and the leaders of organizations understand the source, cause of the evolving issues and develops the appropriate skills and strategies for dealingRead MoreInter-professional Healthcare Teams897 Words   |  4 PagesInter-professional or multidisciplinary healthcare teams are groups of health rofessionals from different disciplines collaborating to provide care to patients. Effectively coordinated and collaborative inter-professional teams are essential to the care and treatment of patients (Rowlands Callen, 2013; Doyle, 2008; Ruhstaller, Roe, Thà ¼rlimann Nicoll, 2006; Simpson Patton, 2012, p. 300). Communication is a process of conferring information between individuals through use of speech, writing

Conceptual Skills free essay sample

Conceptual skill Modern management has been trend globalization and improve constantly. A manager’s job is complex and a range of skills are used by different level management. Although some management theorists propose a long list of skills, the necessary skills for managing a department or an organization can be summarised in just three categories: conceptual ,human and technical (Katz,1974) . The application of three skills changes as managers move up in the organization. Although the degree of each skill necessary at different levels of an organization may vary, all managers must possess skills in each of these important areas to perform effectively. The purpose of this essay is to clearly show that the importance of conceptual skills that managers are required to demonstrate. It will also look at how conceptual skill can contribute towards enhancing manager’s performance and success. PetertonFleet (2004, P. 1300) defines conceptual skills as‘the ability to see the organization as a whole or to have a systemic viewpoint. We will write a custom essay sample on Conceptual Skills or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It also includes the ability to analyze a situation and distinguish between cause and effect. Conceptual skills are often gained through formal education, reflection, and experience (Jones George, 2009). While technical skills focus on things and human skills focus on people, conceptual skills focus on ideas and concepts (yukl. 2002). According to Katz, these skills extend to visualizing the relationship of the firm to the external environment. Katz 1995 argue conceptual skill involves the manager’s thinking, make decision and planning abilities. It also involves understanding where the sector fits into the whole organization and how the organization fits into the variates areas. It means the ability to ‘think strategically’ – to take the broad, long -term view. Conceptual skills are need by all managers, but are especially important for managers at the top. They must know the significant elements in any situation. The success of any decision depends on the conceptual skill of the people who make the decision and those who put it in action. Katz1955). The famous consulting company in the world-The Rand Corp: per 100 large enterprises closed down in the world, 85% of them because of the manager made a wrong decision. Thus this can be seen, the manager’s decision is significant to the enterprise development. Conceptual skill approach emphasize that good administrators are not born, they need study, experiences in the future. However, its success must necessarily relay on the abilities of the superior to help the underling. Levinson, 1988) managers need have ability of conceder the overall situation and recognize why that thing does. Effective collaboration across variety sectors of enterprise not only depends on conceptual skill of managers, but also business style and the direction of development depend on the conceptual skills. ( katz,1955) For example, a company in the industry sitting higher, more complex problems faced by them, more uncertainty surrounding environment more need conceptual skills. Nowadays, variety professionals develop and change quickly. IT industry is a model of uncertainly production. Managers cannot see chances and threaten easily. So, the conceptual skill is signalising to the IT leading enterprise. The good conceptual help large company connect cooperative partner and give play to impact. Because a company’s over-all success is dependent on its executives’ conceptual skill in establishing and carrying out policy decisions, this skill is the unifying, coordinating ingredient of the administrative process, and of undeniable over-all importance. (katz. 995). This case illustrate the conceptual skill is how important in management . It can decide the success or fail of the company. In conclusion, the purpose of this essay has been to show that conceptual skill is significant in the administration. At the top, conceptual skill becomes the most important of all for successful administration. If a top manager possesses the conceptual skills, she /he have an ability to manage the whole company and make it success. So conceptual skills are really necessary to the top manager. Every top magger should possess it and through study and practice improve these skills. Certainly, conceptual skill only is a part of management skills. Every part is important to the management. The top managers also need possess and understand other skills. Every part try their best do every things, the company will success. Reference lists: Yukl, G. (2002), Leadership in Organizations, 5th ed. , Prentice-Hall, Upper Saddle River, NJ. Katz, R. L. (1974), Skills of an effective administrator, Harvard Business Review, Vol. Peterson, TOFleet, DDV2004, the ongoing legacy of R. L. Katz: an updated. Typology of management skills’, Management Decision, vol. 42, No. 10. P. 1297-1308. Katz, R. L. (1955). Skills of an Effective Administrator. Harvard Business Review Jones, G. R. , George, J. M. (2009). Contemporary Management. New York: McGuire- Hill. Levin son, H. (1988). Designing and managing your career: â€Å"the three essential skills of an effective manager† library of congress cataloguing-in-publication, America.