World Bank and International Monetary Fund

World Bank and International Monetary Fund Name: Institution: Q1. How World Bank and International Monetary Fund have policies have benefited the United States corporations? The policies established and implemented by the World Bank have benefited transactional corporations from the United States in different ways. First, the World Bank offers hundreds of billions, low-interest loans to finance the activities of global corporations and to help in establishing control over the natural resources of the helped nations (Cavanagh & Mander, 2003). It is keynoting that most of the corporations that have dominated the world trade are based in the United States and when the World Banks provided these subsidies it is basically doing it in favor of the United States’ corporations. For examples, corporations in the agriculture and energy have significantly benefited from the policies set by the World Bank. Additionally, the International Monetary Fund (IMF) and World Bank implemented policies which had a major role in changing and distorting the view of economic progress. These institutions have adopted strategies which are aimed at expanding foreign investment and trade to benefit the United States based corporations. For example, some of the rules and regulations set out by these institutions to govern trade agreements benefit the largest corporations from the richest nations, this includes those from the United State (Cavanagh & Mander, 2003). Also, these organizations have been used by the United States government and the United States based corporations to push for changes in the global trade to favor the United States’ companies. For example, World Trade Organization had told European countries that import bananas from small cooperative based in the Caribbean because it would have been unfair to Chiquita and Dole, two major United State agribusiness corporati...