Essay Example | Topics and Well Written Essays - 2250 words

Essay ExampleIn addition to that, the graceful trade wind movement promotes securing the rights of the marginalised sectors from the developing nations (EFTA, 2006). Indeed, the fair trade movement has been one of the most constant and most unwavering criticisms of the World Bank and International Monetary Funds (IMF) policies of deregulating barriers to trade. It is the case that the authorization of both the World Bank and the IMF are criticised because of its failure to further stand for the concerns of the developing world, including the interests for greater equity in trade (Share the Worlds Resources (STWR), no date). Nonetheless, both these Bretton Woods Institutions together with the fair trade movement are supposedly means to reduce the poverty occurring globally. With the contextualisation of the background of this research investigation, basically, the paradoxical intent of fair trade movement is observed. ... On the one hand, another vantage point proposes that th is fair trade does constitute a objective alternative to the upper-case letter Consensus. Given this contradicting points of view, this paper considers the need to critically review, analyse, understand and explain what really the role of the fair trade it serves. Meanwhile, this paper mainly delves at discussing the function of the fair trade movement in relation to World Bank and IMF. In order to further understand the focus of this paper, it intends to specifically obtain the following information. First, it points come on to establishing what the functions of the World Bank and IMF are. Second, it seeks to grasp an understanding of the Washington Consensus. Third, it wants to analytically determine how the fair trade movement is currently doing between the developed and developing nations. with rooting out and analysing such data, it can finally discuss whether fair trade is an extension of World Bank and IMFs policies or if it constitutes a real alternative to the Wash ington Consensus. It is the case that there have been so many attempts in stating and assessing the functions and aims of fair trade, World Bank, IMF and Washington Consensus in the context of development. It is in this picture why this paper is of significance. This paper is of importance because development is so much a relevant concept not only in the field of sociology provided really in every part of the world especially that of the developing ones. By means of development, fair trade, World Bank, IMF and Washington Consensus are really opportunities to come upon development especially among the disadvantaged nations. Review of Related Literatures This section of the paper will first present a