This website uses cookies to ensure you have the best experience. Learn more

Sociology Essay

916 words - 4 pages

The IMF and World Bank are the world’s two leading lending institutions, but much of their monetary assistance disappears once it enters the banking systems of developing countries. Cite concrete evidence that supports the assertion that much assistance to developing countries is simply stolen by officials. Determine other main factors that account for the misuse of these funds.
corrupt government officials. Money, of course, is a fungible commodity, and once aid money from the International Monetary Fund or the World Bank enters a government’s budgetary stream, it become difficult to trace. Even to the extent loans and grants are tied to specific projects, for example, construction of ...view middle of the document...

Part of the problem with determining how much international assistance is stolen is inherent in the murky world of international finance and the historical success of Switzerland and so-called “off-shore” tax havens in attracting money, illicit or legal. In fact, Switzerland’s bank secrecy laws, currently under attack by the U.S. Department of Justice for sheltering large amounts of money hidden for tax purposes, has represented a huge “black hole” as far as investigations into stolen wealth are concerned. Money stolen by corrupt leaders frequently ends up in countries like Switzerland precisely because of that country’s “no questions asked” approach to international banking. As Transparency International, quoted in a major report of the United Nations Office on Drugs and Crime and the World Bank, titled Stolen Asset Recovery Initiative: Challenges, Opportunity and Action Plan (2007), noted between $20 and $40 billion “…has over the decades been illegally and corruptly acquired from some of the world’s poorest countries, most of them in Africa, by politicians, soldiers, businesspersons and other leaders, and kept abroad in the form of cash, stocks and bonds, real estate and other assets.” The U.N./World Bank report then states that “[t]his stock figure is much lower than what one might expect, given the flow of 25 percent of African GDP often cited as being lost in total corruption, which amounts to $148 billion per year in current dollars.” [http://siteresources.worldbank.org/NEWS/Resources/Star-rep-full.pdf]
So, it is difficult if not impossible to state with authority how much IMF and World Bank money has been stolen, but it is routinely determined that billions of dollars do disappear annually into the bank accounts of corrupt officials. That said, it is incorrect that “most” foreign aid money is stolen by recipients. Much may be wasted through inefficiency and funding of dubious projects, but it cannot simply be stated that most is stolen. The U.S. Department of State Bureau of International Narcotics and...

Other assignments on Sociology

Sociology Essay

416 words - 2 pages The Carroll and Milton Petrie Foundation Emergency Grant Application The purpose of the Emergency Grant program is to enable matriculated students in good academic standing who are experiencing short-term financial emergencies to remain in school. Students who demonstrate need and are facing a current emergency may apply for a grant. Please note that your application must be complete in order to be given consideration. Completion of this

Sociology Essay

4506 words - 19 pages ACKNOWLEDGEMENT This Term paper is made possible through the help and support from everyone, Including: parents, teachers, family, friends, and in essence, all sentient beings. Please allow us to dedicate our acknowledgment of gratitude toward the following significant advisors and contributors: First of all we would like to thanks the Almighty ALLAH, Who gave us the opportunity and strength to complete this paper successfully

Sociology

2204 words - 9 pages Question 1When and what to eat is a social fact. In most societies, food plays an important part in social life, and Denmark is definitely no exception. Not only is it commonly known when to eat, it is in most cases also given what to eat. A social gathering does nearly always contain a meal which forms the centre of the gathering, and in this case, everybody is supposed to eat the same. The “feeling of socialising” comes from being with other

Sociology - 2903 words

2903 words - 12 pages of teaching and training Certificate III in Education Support CHC30213 CHC30213 Opening Opportunities At Open Colleges, we are passionate about helping people from all walks of life to achieve their aspirations and dreams. For more than 100 years, we have been opening opportunities for people across Australia. Today, Open Colleges is blazing a new trail in online education – creating Australia’s leader in next generation

Sociology - 2203 words

2203 words - 9 pages INTRODUCTION A sect is a subgroup of a religious, political or philosophical belief system, usually an offshoot of a larger religious group. Although in past it was mostly used to refer to religious groups, it has since expanded and in modern culture can refer to any organization that breaks away from a larger one to follow a different set of rules and principles. For practical

Sociology - 533 words

533 words - 3 pages Seema Lall Professor Reboli SOC 210 14 March 2013 Final Exam 1) What is the difference of Caucasoid, Negroid, and Mongoloid? * Caucasoid (white/light skin color)-Nordic, Mediterranean, Dinaric, Alpine, Arabic, * Negroid (dark skin) -sub races Aborigines, Melanesians, Negritos, Papuans, Dravidians. * Mongoloid (yellowish skin) -sub races East Asian, North Asian and Native American. 2) What are the characteristics of capitalism

Sociology Essay Structure

3978 words - 16 pages AQA AS Sociology Unit 2 Education (with research methods) past exam questions 2010-2013 During your 2hr exam you will answer questions on: 1. Education (2,6,12,20 marks) 2. Education (in the context of Research Methods) (20 marks) 3. Research methods (2,4,8,20 marks) 1. Education 2 mark questions * Explain what is meant by the term “labelling‟ The process of attaching a meaning or definition to a person/pupil, or similar

Sociology Essay

325 words - 2 pages Chapter 10: Describe the patterns of gender inequality that currently exist in education. A common pattern still today is to take on the old fashioned role of a housewife. This does not require secondary education, and generally the man takes on the work/education role in this particular instance. The patterns seem to be going more towards equality these days. There are organizations that have implemented policies to ensure to the most fair

Sociology Essay

1165 words - 5 pages Examine the view that theoretical issues are the important factor influencing sociologist’s choice of research methods (20 marks) Sociologists’ opinions differ among theoretical factors being the more important against other factors such as practical and ethical in influencing method choice. Positivists believe that sociological research should produce quantitative data e.g. official statistics and social surveys) as they identify and explain

Philosophy And Sociology

2719 words - 11 pages ST GREGORY THE GREAT PROVINCIAL MAJOR SEMINARY NAME: SETH FRIMPONG COURSE: DIVERSITY OF PEOPLE AND CULTURES TOPIC: SOCIALIZATION 1.0 Definition / Scope Sociologists, Social Psychologists, anthropologists, as well as Educationalists and Politicians use the word “Socialization” in reference to the process through which an individual inherits the norms, customs and ideologies of the social order they live in. Socialization is

Health And Illness In Sociology

901 words - 4 pages I will be looking at the effects of acute and chronic illness on society, particularly in Britain, and the differences between public and private healthcare in their treatment of these problems. Great Britain has a relatively high level of public expenditure on healthcare as a percentage of its GDP. In terms of its healthcare structure it is one of the most public systems as it has a National Health Service, thus offering free healthcare to all

Similar Documents

Sociology Essay 591 Words

591 words - 3 pages . According to Karl Marx, “in all stratified societies there are two major social groups: a ruling class and a subject class. The ruling class derives its power from its ownership and control of the forces of production. The ruling class exploits and oppresses the subject class. As a result there is a basic conflict of interest between the two classes.” (Sociology Guide, 2015) In studying the three theories of sociological framework, symbolic

Sociology Essay 855 Words

855 words - 4 pages How does sociology help us to understand “Class” as an important social phenomenon? Everyone should recognize that class is only used as an economic term. Many would argue that class no longer exists within society because it is the twentieth century and that all are treated equally and fair. Though others would argue that inequality exists because it is a fact of life, if a person has a degree and another doesn’t, who would get the job the one

Sociology Essay 704 Words

704 words - 3 pages Sociology – Dan Monaghan. Domestic violence is a major problem in the UK. It contributes to 1/6 of all violent crime in the UK. Some people have different opinions on what they feel if violent crime and what is not. The term domestic violence is when violent or aggressive behaviour within the household from your partner, usually the male but there are cases of females contributing to domestic violence. In the UK altogether there are

Sociology Assignment

500 words - 2 pages Session One Assignment Part A What is sociology? Sociology is the study, using scientific method, of human group behavior. This can be analyzed in for both positive and negative behaviors. Why are people so confused about sociology? Sociology is confusing because it portrays to be science in may different ways, including the use of scientific method. However, it is considered an art as much as a science because it varies and is