Development

What Is Development?

• Defining development

• The UN Millennium Goals

Development Lending

• The World Bank

– International Bank for Reconstruction and Development (IBRD)

– International Development Association (IDA)

– Affiliate Organizations

• International Finance Corporation (IFC)

• Multilateral Investment Guarantee Associateion (MIGA)

• International Centre of the Settlement of Investment Disputes (ICSID)

• The regional development banks

• Development banks and legitimacy

• Reform at the World Bank

• Social and environmental effects of lending

Development Discourse

• ECOSOC and its regional commissions

• United Nations Conference on Trade and Development (UNCTAD)

– A forum for discussing development issues

– Small ($50 million)

– Works in Geneva

• Decennial UN-sponsored meetings

Development Assistance

• United Nations Development Programme (UNDP)

– Program oriented

– General goals, but programs are country-specific

– Core funds of about $1 billion

– Voluntary contributions (not assessments)

– Helps to coordinate UN development assistance

Other Institutions with a Development Role

• UN-affiliated organizations:

– Food and Agriculture Organization (FAO)

– World Health Organization (WHO)

– International Labour Organization (ILO)

• G-77

• Cartels

• INGOs

IOs and Development

• Development, efficiency, and legitimacy

– Is multilateral better than bilateral?

– Defining development

• How do all these organizations interrelate?

– Specific expertise versus duplication of effort

• International governance versus the international marketplace

– Are development IOs still relevant in a globalizing world?