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Q2. International bodies like IMF, World Bank and WTO have lost their relevance. Analyze. (15 Marks)

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Staff @CD

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Mentor’s Comments-

  • Introduce by briefly mentioning the origin of institutions like IMF, World Bank and WTO.
  • In the body, first list down the challenges these institutions are facing. Also, mention why these institutions can lose relevance due to these challenges.
  • Briefly mention why these institutions are still important for global governance.
  • Write a way forward.
  • Conclude positively.

Comments

8 responses to “Q2. International bodies like IMF, World Bank and WTO have lost their relevance. Analyze. (15 Marks)”

  1. ARPITA Avatar
    ARPITA

    Razor Payment Id
    pay_I7yPKi8qjVAUOn

    Order ID #0000466732

    1. Staff @CD Avatar
      Staff @CD

      Arpita

      Introduction is a bit generic. It will be better if you mention things like Washington consensus for IMF-World Bank and a bit about GATT and its graduation to WTO.

      Issues mentioned are fine, you can also mention things like conditionalities imposed by IMF-WB on countries while giving loans, also allegations about environmental and ethical issues in projects. In WTO, suspension of Appellate body and its causes can be mentioned.

      Since, this is a 15 marker, mention some positives of these institutions too(giving loans, economic development, can give India 1991 example etc) and a brief way forward too.

      Conclusion is fine, keep practicing. 🙂

  2. Ashok Meena Avatar
    Ashok Meena

    Rajorpay #0000466436

    1. Staff @CD Avatar
      Staff @CD

      Ashok

      This is a 15 mark question, content is a bit less for that. You have directly jumped to problems..write a brief introduction about these institutions..their mandate etc..

      You can add some more dimensions in problems for example environmental, ethical, pandemic etc. Also mention disfunctional appellate body of WTO, Doha round going on,issue about subsidies, protectionism, trade wars etc.

      Second part is fine. You can cut short the explanation and include more points.
      Way forward is fine. Try to put in a concluding statement.
      Keep writing. 🙂

  3. muskan garg Avatar
    muskan garg

    .

    1. Staff @CD Avatar
      Staff @CD

      Muskan

      Introduction is fine. Problems of WTO and IMF are also fine. You can mention about Doha round still ongoing. Also you can mention about trend of protectionism especially after pandemic, trade wars etc. In World Bank, mention environmental concerns about their projects, discrepancy in Doing Business report, ethical concerns.

      You need to improve upon the 2nd part. Mention a section on why these institutions are still important..question is asking to analyze so need to cover both dimensions. You can mention poverty reduction, give some data regarding that, loans to poor countries etc

      Also mention a short way forward. Conclusion is fine. Keep practicing. 🙂

  4. Siddharth CHATURVEDI Avatar
    Siddharth CHATURVEDI

    Razor ID: #0000466569

    1. Staff @CD Avatar
      Staff @CD

      Siddharth

      Decent attempt, introduction is fine. Structure of the answer is good. In relevance you can mention points like poverty reduction, reducing inequality, 1991 example of India too.

      In issues mention about dysfunctional appellate body at WTO, pandemic-induced protectionism etc. Also regarding IMF-WB you can mention some more dimensions for example environmental concerns about their projects, ethical dimension..they impose conditions usually while giving out loans, issue of discrepancy in doing business reports..data manipulation etc
      Rest of the points are fine.

      Try to write a short way forward..mentioning about reforms, representation to more regions etc. Conclusion is fine. Keep practicing. 🙂

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