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[Name of the Writer]
[Name of Instructor]
[History and Anthropology]
[Date]
Week 9: The Development Project
In what ways did the Bretton Woods system institutionalize development as an international project? And how did Cold War rivalry and Third World demand to contribute?
Rules of financial and commercial relations were established by the Bretton Woods system of monetary management. International relations in terms of both material and political-legal are highly important for the pursuit of national economic growth. After World Wars, major economies of the world made an effort to stabilize their economic structure. Bretton woods proposed well-worn paths of aid and trade relationships between both ex-colonial states and their post-colonial regions. The specific decades of the 1960s and 1970s characterized as the “Development Decades” and this prospect eventually encouraged the multilateral arrangements mainly in the form of development strategies. It is noteworthy to indicate that the Bretton Woods system can be ranked as the one significant approach of international development projects. The focal point of this consideration was to successfully mobilize the development process on an international level. The development project in the form of the Bretton Woods system dramatically redesigned the division of labor around the globe. The forceful perspectives of Cold War rivalry and Third World domains played a critical role to consider the reconstruction of the program. That was the time when the United States greatly faced the international issue of human freedom. It was critical for the country to develop a new program of assistance to deal with the worldwide challenge. The political instability of that time required the financial steadiness to successfully deal with the Cold War rivalry. As a result of these specific conditions, bilateral initiatives adopted by the U.S. that turned into the developmental strategies of the Bretton Woods program.
Discuss whether and to what extent, and in what sense, the Newly-Industrializing Countries (NICs) were the showcase of the development project?
The practical implications of Newly-Industrializing Countries (NICs) were also associated with the overall approach of the development project. Consideration of NICs in the overall scenario of development projects is vital because these countries grew at the rates of 7 to 10 percent. This form of development was higher as compared to the average growth rate. There were six countries of Hong Kong, Singapore, Taiwan, South Korea, Brazil, and Mexico under the domain of newly industrializing countries. The immense growth of NICs ultimately influenced the perspective of development projects in two prominent forms. It is observed that on one hand, the growing expectations of rising living standards and aspirations accomplished by these NICs. Upward mobility in the international system was one protruding prospect accomplished by NICs. This specific perspective is recognized as legitimizing the development project, like showcases. Moreover, the selectivity of the development project was also actively apprehended by the economic approach of NICs. These countries explicitly set their economic targets by focusing on developing export production facilities in case of specific countries. Undoubtedly, international corporations controlled by NICs to determine the particular form of the development project on an international level.
How did the operation of the food aid regime contribute to the development project? And in what ways did it transform it?
Food aid regime is another significant form of the overall approach of the development project. During the post-war era, the United States established the practical domain of food aid regime to successfully deliver food surpluses to Third World countries. The facet of food surpluses developed for the country due to the successful execution of the U.S. agricultural-industrial model. This form of distribution was one prominent country’s attempt to successfully contribute to the overall form of a development project. Developments in the fields of agriculture and industrial development utilized by the country in the form of the food aid program to successfully applied the core objective of the development project. The transfer of agricultural resources to the Third World country was one primitive practical measure to ensure the involvement of different countries in the process of a development project. The rural-urban prescriptions were adopted on a global level to accomplished the standard of development projects effectively and efficiently. The primary objective of initiating the food aid regime was to ensure the correct utilization of resources on an international level.
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