Developing Countries During World War II

Harvard Business School’s Case Study “Aid, Debt Relief, and Trade: An agenda for fighting World Poverty” outlines the steps, and missteps, that the world community has taken since World War II to address the efficacy of international assistance. The study focuses on international financial institutions (IFIs) and their ability to help poor nations break out of poverty and the possible obligations of rich, developed countries to assist the heavily indebted poor countries (HIPCs). Additionally, the study seeks to see if this assistance has been and can be parlayed into growth and investment for the HIPCs.

How Social and Economic Changes were effected by World War II shape American modern life?

Creating nations themselves accentuate this point, however, in the rich world, it is frequently overlooked. So too is the way that money-related guide and the further opening of well-off nations' business sectors are devices with just a constrained capacity to trigger development, particularly in the poorest nations. As we learned in this class, poor countries are abundant in cheap labor and natural resources. The financial foreign aid helps countries to invest opening markets to important exports. For instance, some financial aid promotes microcredit which is a very small loan to some particular individuals in poor countries to stimulate economic development, so that they can start small businesses.

America was greatly influenced, not only during WW2,but in the decades after by the tides of war during the 1940s. The United states was a highly industrialized country coming into ww2, with a larger supply of resources compared to the nazisor japnanese. “American steel dwarfed Germany’s ,and American coal miners hauled up...almost twice the tonnage as their German counterparts.... American carmakers turned out 4.8million automobiles in 1937;in the same year Germany produced 331,000 cars; Japan,just 26,000.”(Kennedy 617). This not only shows the resource advantage America has against her enemies, but also the sheer edge of the American industries power to out produce industrialized goods. This ability to produce massive amounts of cheap product,

To begin, throughout the nineteenth century, there was a variety of wars that took place on Earth, which aided a country's economical aspect throughout their harsh times, due to the necessity of numerous resources. Firstly, throughout the course of a war, both countries on each team, must need resources such as ammunition,medication, and etc in order to have a chance in winning the war. For example, during the World War one (1915-1919), the Central Powers, which consisted of Germany, Austria-Hungary, and the Ottoman Empire went to battle the Allies, which was made up of Great Britain, France, U.S, and Russia. Throughout the four years of War, there was an economic boom for both players because they needed ammunition to fight each other, which

Germany and Japan were two of the axis powers during World War II. These countries along with Italy were the major powers that fought against the allies, including the United States and the United Kingdom. During World War II, both Germany and Japan were being led by certain political powers, and philosophies. The Germans were ruled by Adolf Hitler and the Nazi party, and Japan by Emperor Hirohito and the philosophy of ultra-nationalism. In this war, both the Germans and the Japanese committed a multitude of atrocities. The Nazis led the Holocaust, a systematic plan to kill all of the European Jews. They destroyed the lives of the Jews, worked them to them, and even killed them in gas chambers. The Imperial Japanese invaded and captured parts of China, the Dutch East Indies, and a variety of surrounding countries. They slaughtered millions of civilians and even took Chinese citizens and forced them into sexual slavery. This was a brutal war in which both the Japanese and the Germans were two great evils, however, which one was worse is still a disputed fact. Most people in an instant, would say that the Nazis were far worse and that the Japanese did very little. Few even know of what the Japanese did in the war, or even what their exact goal was. In addition to this, most are taught that the Nazis were the worst people in history.

Trade policy continues to be an important aspect in globalization at least in some of the lower income developing countries. Widespread use of computers, faxes and mobile phones, introduction of the internet and e-commerce, are quicker and cheaper means of transportation. In some cases offered in opportunities to developing countries, but in other cases between global firms and traditional industries globalization opened up other opportunities for developing countries to create jobs and expand exports. In practice, many developing countries competing for foreign investors offered longer tax holidays, costly subsidies, and various incentives for multinationals. The competition among developing nations reduced positive net effects of globalization or, furthermore, delayed them.

At the end of WWII, the Soviet Union and the United States both had specific security concerns. The Soviet Union felt that they needed to establish “friendly” governments in Eastern Europe because the Soviet Union had already been attacked twice in their past through Poland. They also felt due to their major role in defeating Japan, then they should play a role in governing post-war Japan similar to the plan of governing a part of post-war Germany. The United States were concerned that after WWII, if territory changes occurred, then it would lead to a third world war. The US believed that the former Axis Powers would need to be rebuilt along democratic principles to prevent the spread of militarism. The US would establish free trade and market

Yet for these countries, world trade in reality plays a major role. In many Sub-Saharan countries, foreign trade (measured in terms of imports and exports) represents more than fifty percent of their GDPs. This is due to a lack of infrastructure and machinery to process the available raw materials which leaves countries overdependent on imports, not adequately balanced by corresponding exports. This dependence on finished imports would be curtailed if these nations had enough capital to purchase machinery to process their raw-materials and sell the finished product locally or export them. However, in order to obtain enough capital to fulfill such drastic projects, they need outside help in the form of private investors.

Several developing countries are sunk in debt and poverty because of the arrangements of global establishments, for example, the International Monetary Fund (IMF) and the World Bank. Their projects have been vigorously reprimanded for a long time and have been constantly blamed for poverty. Moreover, developing countries have been in constant expanded reliance on the wealthier countries, despite the IMF and World Bank's claim that their main goal is to fight poverty (Shah, 2013). During recent decades, the poorest nations on the planet have needed to swing progressively to the World Bank and IMF for money related help, because their impoverishment has made it unthinkable for them to acquire somewhere else. The World Bank and IMF connect strict

The first locomotive aspect of contemporary globalization, offered by the IMF, is the movement of capital. The economies of nations have become increasingly interlinked due to the free flow of capital, and semi-unrestricted global trade via a reduction in protectionist measures (birdsall 2003). However, this movement of capital occurs in a highly asymmetric fashion across international borders. The post-colonial reality of countries of the Global South, which saw their resources plundered, has a profound effect on the ability of these countries to freely engage with and benefit from globalization in the same way as countries of the Global North. The wealth accumulated by highly industrialized nations from historical imperialism, has allowed them to produce a wealth of institutions which in-turn creates a reputation of stability and reliability for them. These institutions and reputation allow them to benefit

The Second World War was the bloodiest conflict in the history of humanity. It has largely affected the evolution of many nations throughout the whole globe. This essay focuses on the impact of World War II on the vector of development of Japanese state.

Ever since organizations and agreements like the North American Free Trade (NAFTA) and the International Monetary Fund (IMF) were created around the end of World War 2 to supposedly help the Third World nations to establish better economies and governments, they have only done more harm than good for these nations. These third world countries end up becoming exploited and extorted, forced to become dependent on the big international organizations like the IMF because of the exorbitant interest rates charged on them, thus they remain forever in debt. The accumulation of debt then allows the IMF to have more voice over how the indebted countries should be shaped and how they should run their economy. What ends up happening then is that their

For example, flows of foreign direct investment (FDI) from developing nations hit a record three hundred billion USD in 2008. South-South FDI flows peaked at one hundred and eighty seven billion in 2008, representing fourteen per cent of the total global, up from twelve billion in 1990 (four per cent of the total global flow). The LDCs have been major recipients of FDI inflows from other developing countries accounting for forty per cent of total FDI from developing-countries. Furthermore, an increasing number of emerging economies and developing countries have become important sources of development cooperation finance and technological and technical support for the LDCs. China, India Brazil and South Africa in particular have become important sources of development finance. Developing countries have developed new technologies, technical know-how and competencies in a number of areas including renewable energy, genetic engineering and biotechnology, electronics and semiconductors, and information and communication technology. They are also exporting capital intensive products and capital machineries to other developing countries. These technologies and technical know-how could be transferred to, and replicated in, other developing countries. However, the LDCs face considerable challenges which militate against the benefits of South-South cooperation. Despite rapid progress in South-South cooperation in scale, scope and dimension, there are limitations also, as the emerging and middle income countries themselves face huge challenges in terms of a high prevalence of poverty, malnutrition, and unemployment, serious deficits in infrastructure and productive capacities and the impact of external shocks. North-South cooperation remains critical in this regard. However, South-South cooperation assumes a significant

According to the World Bank, from 1993 to 1998, poverty rate has reduced by 14 percent in developing countries, similar to about 107 million people. This may result from receiving foreign investment that plays an important role in local economy growth. For example, the proportion of population living in poverty in India decreased by half in the two decades, from the 1970s to 1990s, while the number of Chinese in poverty declined by approximately 210 million during twenty-one years, from 1978 to 1999 (Healey 2008). In other words, the standard of living is improving due to the benefits of international economic activities.