The Capitalism and Freedom in the Twenty-First Century Podcast cover image

The Early 2020s: Former World Bank President David Malpass on COVID, Inflation, China, and Climate

The Capitalism and Freedom in the Twenty-First Century Podcast

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Navigating Global Finance: The Role of the World Bank and China

This chapter examines the evolution of the World Bank and IMF, focusing on their historical context and the impact of key figures in their establishment. It highlights China's transition from a loan recipient to a major stakeholder within these institutions, analyzing the complexities of its financial relationships and the challenges posed to developing countries. The discussion critiques China's lending practices and emphasizes the need for transparent agreements to foster better outcomes for poorer nations.

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