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International Organizations

This entry addresses four international organizations: (1) the World Bank, (2) the International Monetary Fund (IMF), (3) the World Trade Organization (WTO), and (4) the Organisation for Economic Co-operation and Development (OECD). Each organization emerged after World War II with the general goal of collaborating with governments to promote economic development and growth in member countries.

For scholars in education economics and finance, each of the organizations is of interest because of its complex and potentially major effects on the education sector. This entry explores each organization’s mission and effects on education.

Overview

The effectiveness of international organizations is fiercely contested in the political economy research literature. Scholars within international organizations typically argue that loans, technical assistance, and aid have supported economic development and growth in client countries. ...

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