Introduction The end of the Second World War marked not only a turning point in political and military history but also in the evolution of the world’s economic system. The economic instability and depression that followed World War I had shown that uncoordinated monetary policies and trade rivalries could lead to global chaos. To avoid…
Introduction In the modern interconnected world, no nation can exist in isolation. The complexities of international relations—ranging from trade and security to health, environment, and human rights—necessitate cooperation among states. This cooperation is formalized through international organizations, which serve as platforms for dialogue, policy formulation, coordination, and dispute resolution among countries. International organizations have become…
Introduction The development of economies, particularly in low- and middle-income countries, is a complex process influenced by financial resources, policy frameworks, governance structures, and global economic conditions. International financial institutions like the World Bank and the International Monetary Fund (IMF) play a pivotal role in supporting developing economies by providing financial assistance, policy guidance, technical…
The Great Depression was one of the most severe economic downturns in modern history, beginning with the stock market crash of 1929 and lasting throughout the 1930s. It caused massive unemployment, a dramatic decline in global trade, and widespread financial turmoil. This crisis affected every sector of the economy, leading to political instability, social unrest,…
Introduction Sustainable development is a crucial global challenge that requires concerted efforts at both national and international levels. In India, a country with a population of over 1.4 billion people, rapid economic growth, and severe social inequalities, sustainable development has become a cornerstone of the nation’s development strategy. The role of international financial institutions such…
According to the World Bank, good governance refers to the manner in which power is exercised in the management of a country’s economic and social resources for development.