system and provides loans to developing country member-states with balance-of-payments problems. (www.IMF.com) History of IMF The IMF was established in 1945‚ having first been conceived at the Bretton Woods Conference in New Hampshire‚ USA in 1944. That conference saw representatives from forty four allied nations gather to craft new rules and institutions to regulate the chaotic global economy – blamed for the Great Depression and for helping cause two World Wars. The outcome was the Bretton Woods
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Underwater earthquake causing Tsunami. * The 2004 Indian Ocean earthquake was an undersea megathrust earthquake that occurred at 00:58:53UTC on Sunday‚ 26 December 2004‚ with an epicentre off the west coast of Sumatra‚ Indonesia. The quake itself is known by the scientific community as the Sumatra–Andaman earthquake. The resulting tsunami was given various names‚ including the 2004 Indian Ocean tsunami‚ South Asian tsunami‚ Indonesian tsunami‚ and the Boxing Day tsunami. * The earthquake was caused
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Running head: THE PHILIPPINES’ AND THEIR THIRD WORLD STATUS The Philippines’ and their 3rd World Status Latrice Jones Professor Davis 27 CT 2012 The Philippines’ and their Third World Status The country that I have chosen to research is the Philippines‚ by definition a third world country is the underdeveloped nations of the world‚ especially those with widespread poverty‚ the group of developing nations‚ especially of Asia and
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making it susceptible to earthquakes CONSTRUCTION OF EARTHQUAKE RESISTENT BUILDINGS IN SEISMIC ZONES OF INDIA Earthquakes occur due to movements along faults that have evolved through geological and tectonic processes. Often they occur without any prior warning and are‚ therefore‚ unpredictable. The large area of India is prone to earthquake. The construction of earthquake resistant building is the only solution for safeguarding our urban centres from the menace of earthquakes. On the basis of
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unable to see a doctor because health care is not available‚ and being aloof from education due to the lack of opportunities. Absolute poverty is the worst degree of poverty and it often happens in under-developed countries which are referred to as ‘the Third World’. According to World Poverty by Justin Healey‚ absolute poverty kills over eight million lives every year and it remains as one of the global issues that has greatly impacted our society throughout history. The causes‚ effects and solutions
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What is the Third World Debt Crisis? Many developing countries have very large debts‚ and the amount of money they owe is quickly increasing. Trying to pay off the debt (debt service) has become a serious problem for these countries‚ and it causes great hardship for their people. Take the region of Sub-Saharan Africa‚ for example. This region pays $10 billion every year in debt service. That is about 4 times as much money as the countries in the region spend on health care and education.
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Is Third World Immigration a Threat to America’s Way of Life? Many people from third world countries leave to seek a better life for them and most of all their children. They can be moving away from war‚ religious‚ gender‚ economic‚ and educational oppression. America was developed off immigration and it was and still is the land off freedom and opportunity. People from third world countries look to the United States as a light of hope. What is really the American way of life? To me that would just
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The poorest countries in the world are most often referred to as the least developed countries‚ (LDC’s). 33 out of 49 of these are within Africa. The LDCs’ are categorised by the level of income‚ which is defined by $2 a day‚ and under $800 GDP per capita for three consecutive years. They are also named by the stability of the government‚ and vulnerability to natural disasters such as drought‚ earthquakes‚ and civil wars. It seems that without a doubt‚ these countries need assistance from the rest
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Decolonization and the Rise of the Third World Where the Major factors leading to the first wave of decolonization in the 1950’s and 60’s Contents Page Introduction 2 History and origin of Decolonization 3 The Major factors leading to the first wave of 4 Decolonization in the 1950’s and 60’s Conclusion Bibliography
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eSharp Issue 8 Un/Worldly Bodies The Third-World Body Commodified: Manjula Padmanabhan’s Harvest Shital Pravinchandra (Cornell University) This essay offers a reading of Indian writer Manjula Padmanabhan’s dystopian play Harvest (1997) in order to examine the trade in human organs and the commoditization of the third world body that such a trade is predicated upon. Padmanabhan’s play‚ in which an unemployed Indian man sells the rights to his body parts to a buyer in the United States
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