"victicm" - 1 õppematerjal

CRITISIM ABOUT IMF AND WORLD BANK

Also the issue of working together with the private sector that gives corporations the chance to gain profit and power over the borrower or the needy country. Ecuador Ecuador is a small country in Latin American with the population of 14.6 million people (News) according to UN in 2011. This country exports oil but still many people live in poverty and indigenous groups are oppose of free trade policies (News). Ecuador is a victicm of international organizations and corporations. According to John Perkins who was Economic hit man borrowed billions of dollars to Ecuador or to be precise he talked the country into taking loans form World Bank and USAID. Money that country could hire engineering and construction companies to carry out projects that would only benefit rich people. Because of that poverty rate increased form 50% to 70%, unemployment