Cite as https://mymun.com/ppdb/6751
Committee: World Bank Topic: BRICS New Development Bank: dawn of a new era of development aid?
Since the end of the Second World War and the creation of the World Bank and International Monetary Fund, the era of development started. At the beginning the emphasize was on rebuilding Europe after the war, however, after several successes the idea of development bank has spread and evolved to incorporate rest of the world. With countries gaining independence and eventually liberalizing their economies task of development became more important than ever before. It is a matter of fact that some transitioning countries need help and guidance of more developed countries with successful practices. Greece is the perfect example. Greece became a member of t...