The Bretton Woods System On The World s Natural Riches

Nature has always played an important role in human history. Increase in international trade, globalization and creation of big corporations caused negative impact on the environment. The new economic framework established after the end of the World War II benefited the interests of the multinational corporations. The Bretton Woods system was aimed to boost the production and consumption of commodities. The World Bank and the IMF, led by the US, financed corporations and exploitation of resources. The Bretton Woods system was supposed to make use of the world’s natural riches. The fall of Communism in the world gave more power to the corporations and led to the creation of the free market system. The US government tried to help underdeveloped nations to export wood, livestock and other commodities to industrialized countries. The establishment of new financial institutions helped the â€Å"public works projects† to rise. One of the examples of these projects was the Tennessee River Valley in 1933. The government constructed 20 dams and coal-fired power plants with a purpose to provide electricity to poor areas. Although the project provided many benefits, it also created a quite few ecological concerns. Construction of dams flooded to many areas. Mining of coal caused pollution and erosion. The same situation was evident across the globe. Thailand has built 26 irrigation and hydroelectric projects since 1957. Most of them were financed by the World Bank. The country startedShow MoreRelatedThe Ecological Kuznets Bend ( Ekc )6381 Words   |  26 Pages This paper introduces a basic history of the ecological Kuznets bend (EKC). The EKC suggests that pointers of natural debasement first ascent, and afterward fall with expanding salary per capita. Late confirmation demonstrates nonetheless, that creating nations are tending to natural issues, now and again receiving created nation benchmarks with a brief while slack and in some cases performing superior to anything some well off nations, and that the EKC resultsRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 PagesLinda Shopes, eds., Oral History and Public Memories Tiffany Ruby Patterson, Zora Neale Hurston and a History of Southern Life Lisa M. Fine, The Story of Reo Joe: Work, Kin, and Community in Autotown, U.S.A. Van Gosse and Richard Moser, eds., The World the Sixties Made: Politics and Culture in Recent America Joanne Meyerowitz, ed., History and September 11th John McMillian and Paul Buhle, eds., The New Left Revisited David M. Scobey, Empire City: The Making and Meaning of the New York City Landscape