International agency criticised for representing the Western interest in global economic development

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Dr. Ranjan Kumar

jaankari@jmcstudyhub.com
The question is asking to identify the international agency that is often criticized for representing Western interests in global economic development. In this blog post, we will dive into a specific question and provide detailed explanations for each option. By the end of this post, you will have a better grasp of the concepts and feel confident in your ability to pass your exams.
Quiz

Q. Which one of the following international agencies is criticised for representing the Western interest in global economic development?

a.) Oxfam
b.) JICA
c.) IMF
d.) ILO

Correct Ans: (c) IMF

Explanation: IMF is a global organization that works to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty. However, it has been criticized for promoting Western economic interests and neoliberal policies, which often prioritize austerity measures and privatization over social welfare programs, and can exacerbate poverty and inequality in developing countries. Oxfam is an international confederation of charitable organizations that works to alleviate global poverty and social injustice, JICA (Japan International Cooperation Agency) is the Japanese government’s agency responsible for providing official development assistance to developing countries, and ILO (International Labour Organization) is a specialized agency of the United Nations that works to promote social justice and promote decent working conditions around the world.

Related more onformation on establishment year and headquarters

a.) Oxfam was founded in 1942 and its headquarters is located in Oxford, United Kingdom.

b.) JICA (Japan International Cooperation Agency) was established in 1974 and its headquarters is located in Tokyo, Japan.

c.) IMF (International Monetary Fund) was established in 1944 and its headquarters is located in Washington D.C., United States.

d.) ILO (International Labour Organization) was founded in 1919 and its headquarters is located in Geneva, Switzerland.

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