World Bank

World Bank, International Monetary Fund (IMF) and Asian Development Bank (ADB).

by

The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign investment and promoting long-range balance growth in international trade. The World Bank was established in December 1945 at the … Read more World Bank, International Monetary Fund (IMF) and Asian Development Bank (ADB).

Poverty and Development. Poverty-line and Programmes for eradication of Poverty in India.

by

The World Bank defines poverty in absolute terms. The bank defines extreme poverty as living on less than US$1.90 per day> (PPP), and moderate poverty as less than $3.10 a day. Types of Poverty Absolute poverty measures poverty in relation to the amount of money necessary to meet basic needs such as food, clothing, and … Read more Poverty and Development. Poverty-line and Programmes for eradication of Poverty in India.

Impact of globalization on Indian society

by

Globalization essentially means integration of the national economy with the world economy. It implies a free flow of information, ideas, technology, goods and services, capital and even people across different countries and societies. It increases connectivity between different markets in the form of trade, investments and cultural exchanges. The concept of globalization has been explained … Read more Impact of globalization on Indian society