Voice of International Affairs
a window of different thinking
International Monetary Fund (IMF) is a global organization that fosters monetary coordination on an international level, enables commerce between countries, encourages growth in the economy, and upholds financial stability. The International Monetary Fund (IMF) was founded in 1944 during the Bretton Woods Conference, which took place in New Hampshire, USA. IMF’s main goals are to advance…Read More
Economic diplomacy includes building international coalitions to help countries recover from financial crises. Chinese economic diplomacy employs diverse sectors such as trade, investment, finance, energy, transport, and communications, and Belt and Road Initiative is the vehicle by which the “China Dream” of growth, power, and prestige seems to connect with other countries. The BRI has also…Read More
Abstract China’s initiative, known as the Belt and Road Initiative, started in 2013 and aims to connect Asian, European, and African countries. The main issue faced by these states is their lack of proper infrastructure. China has been helping out many of these states by providing them with loans that seem lucrative, but when these…Read More
Change in the international system and global order is inherent; thus, it is no wonder that since the advent of the cold war, a gradual shift can be witnessed in the face of intensifying globalization, with global governance at the heart of this transition. Based on the notions of cosmopolitism, utilitarianism, and egalitarianism, the phenomenon…Read More
INTRODUCTION The current international system is structured along the lines of globalization and the neo-liberal philosophy of free trade while being dominated not by a single state but by global institutions, particularly international financial institutions and other multinational organizations. Ultimately, the Bank and the Fund dramatically shape the daily existence of states within the international…Read More
ABSTRACT According to the reports of the Organization for Economic Cooperation and Economic Development (OECD), Sub-Saharan African countries top the list of foreign aid recipients. Every year trillions of capital flow to these countries from the developed donor states and international organizations. As surprising as it sounds, this aid often failed to serve its purpose….Read More
Economic development is a complex process. There are many indicators to be considered and many conventional means that must not be considered. The following is a discussion of the indicators that can be used to define economic development and their plausibility as credible benchmarks of the achievement of economic development. Changes in Gross Domestic…Read More