The World Bank

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Term Paper Title	The World Bank
# of Words	2875
# of Pages (250 words per page double spaced)	11.5

The World Bank

The World Bank

Bureaucracy is one of the pillars of modern western society. Although this
statement is debatable from many aspects, most would agree that, at the very
least, our lives are greatly affected by bureaucracy. Bureaucracy is the 'pure
form of rational organization' (Newson, Jan 11). Not only is it a method for
achieving goals efficiently and effectively, but it is acclaimed as the most
able strategy to meet objectives. The World Bank is a classic example of a
bureaucratic organization. It embodies all the characteristics necessary to
qualify; from its complicated hierarchy and impersonal relations, to the
specialization and career orientation of its employees. However, not everyone
agrees on the competency of the bureaucratic organizational system. George and
Sabelli in their book Faith and Credit claim that is the very structure of the
World Bank which causes its failures, as well as explaining its continued
existence despite these mistakes. Using Faith and Credit, with a focus on
chapter six, it will be shown that it is the bureaucratic methods themselves
which twist the World Bank's goals, and that these methods undermine the tasks
which the Bank has set for itself.

The World Bank is one of the world's most powerful agencies. Although it
characterizes itself as a purely economic institution -- which controls the
lending of billions of dollars -- in practice its influence, wealth, and
policies all result in having immense political power (Faith 1). Although
originally created to serve as an institution to help rebuild the world (i.e.
Europe) after World War II, its task has since shifted to development work and
poverty reduction. Through its immense control of wealth, and its international
reputation, the Bank has managed to lend billions to 'under-developed' nations.
The loans take many forms, including financing of mega-projects and structural
adjustment. Beginning in the 1980's vast amounts of criticism on the Bank's
policies began to appear, finding faults in much of its work. Many of its
projects have been declared more harmful than helpful, often worse names have
been used. The Bank has managed to make enemies in many activist circles;
including environmentalists, feminists and even the people whose aim is to
please: poverty workers (Faith 6). Nevertheless the Bank still remains an
eminent institution. It is well respected by many intellectuals, consulted by
governments and continues to grown in wealth and power.

The v...

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