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International Bank for Reconstruction and Development (IBRD)
The International Bank for Reconstruction and Development (IBRD) otherwise known as the World Bank was established in 1944 with its headquarters in Washington DC.
African Development Bank (AFDB), Goals, Aims & Objectives
The African Development Bank (AFDB) established in September 1964, was opened for business on July 1, 1966 in Abidjan, Ivory Coast now Cote D’Ivoire.
Organization of Petroleum Exporting Countries (OPEC)
OPEC was established in Baghdad, Iraq in September 1960. Like many other international organizations, OPEC was formed by a few founding members, namely, Iran, Iraq, Kuwait, Saudi Arabia and Venezeula.
In the 1960s, five more countries became members: Qatar (1961), Indonesia (1962), Libya (1962), Abu Dhabi (1967) and Algeria (1969). In 1974, the United Arab Emirates of which Abu Dhabi was the dominant member took Abu Dhabi’s place.
E-Government – Definition, Problems & Benefits of Electronic Government
E-government is the use of the internet and the world wide web for delivering government information. The focus of e-government should be on the use of information and communication technologies for better government.
The Millennium Development Goals (MDG) – Meaning, History, Aims & Objectives
The Millennium Development Goals refer to a set of fundamental goals set by the United Nations in 2000 which all member states of the United Nations and, particularly developing countries, are required to achieve within a period of fifteen years.
NEPAD – Meaning, History, Features, Aims & Objectives
The New Economic Partnership for African Development (abbreviated as NEPAD) is an economic development programme of the African Union (AU). It was established on October 15, 2001 at a summit of the African Union in Lusaka, Zambia.
United Nations (UN) | History, Features, Members, Organs, Aims & Objectives
The United Nations or UN, also called the United Nations Organization (UNO), is the largest and most important international organization on the planet. Most of the world's recognized nations ascribe to it.
Foreign Policy: Definition, Features & Examples
Foreign policy is a decision directed by a government to the governments of other states. It is a policy that is meant to influence other states in the international political system. Although foreign policy is an extension of domestic policy, it isformulated to affect other countries.
Globalization: Definition, Features, Merits & Demerits
Globalization is a phenomenon based on the continuous increase in the interconnection between the different nations of the world on the economic, political, social and technological levels.
The use of this term has been used since the 80s. That is, since technological advances have facilitated and accelerated international commercial and financial transactions. And for this reason, the phenomenon has as many defenders - such as the International Monetary Fund (IMF) or the World Bank - as detractors.
Difference Between Poverty and Inequality
Poverty is the state in which an individual or group can not meet basic human needs to maintain a minimum level of quality of life, while Inequality on the other hand, refers to the unfair or unequal distribution of resources among various people or groups, caused by social, gender, ethnic, religious or other discrimination.
Differences Between Power and Authority
The difference between power and authority is that power is a capacity and authority is a skill. In this sense, power can be acquired, while authority depends on a person's ability to influence others.
Power is the ability to subordinate other people or to dominate a situation.
Authority is the ability to influence others without the need for them to be subordinate.
Capitalism – Definition, History, Features & Examples
Capitalism is an economic system in which the means of production and distribution are mainly owned and controlled by private individuals and firms. The primary aim of any economic activity in a capitalist state is to make profit.
Advantages and Disadvantages of Capitalism
Capitalism is an economic system that is based on private ownership of the means of production, as well as on the principle of free market, whose objective is the accumulation of capital. The word is formed from the union between the noun capital, which in this context means 'set of economic goods', and the Greek suffix ism, which means system.
Legitimacy: Definition, Sources & Problem
Legitimacy is a characteristic attributed to everything that complies with what is imposed by legal norms and is considered a good for society, that is, everything that is legitimate.
Normally, this is a characteristic that is frequently discussed in the legal field, in which it states that a situation or phenomenon is considered correct according to the parameters established by the system of laws and regulations.
Types of Political Participation
Types of Political Participation | Political participation there for refers to "those activities by which members of a society share in the selection of rulers, and directly or indirectly in the formation of public policy".
Monarchy | Definition, Features, Merits & Demerits
Monarchy is a system of government in which political system is based on heredity. In a monarchy, power is acquired on the basis of inheritance and concentrated in one individual who is usually called a king or queen and whose power may or may not be subject to legal limitation.
Aristocracy | Definition, Features, Merits & Demerits
Aristocracy is a form of government in which the rich rule largely in their own interest. An aristocratic state is one in which the nobility rules.
As a form of oligarchy, The aristocratic ruling class is usually small and reported for the exploitation of the poor and the landless peasantry for the support of state works of various kinds.
Congress of Angostura: History, Resolution & Characteristics
The Congress of Angostura is known as the Constituent Assembly convened in 1819 by the Venezuelan liberator, Simón Bolívar. It met in the city of Santo Tomás de Angostura, in what is now Ciudad Bolívar, east of the Bolivarian Republic of Venezuela.
The Congress of Angostura was made up of 30 deputies who belonged to 7 of the former provinces of the Captaincy General of Venezuela. His objective was to unite Venezuela and New Granada into a single nation, called Colombia.
Biafra War (1967 – 1970)
Instability is chronic in Nigeria and much of what happened in the past resonates today. Between 1967 and 1970, a civil and secessionist war took place in what is called Federal Republic of Nigeria that showed the fragility of the inherited borders in Africa and the terrible coexistence between the different ethnic groups, leaving, among various consequences, and according to different calculations, 500,000 - 2,000,000 victims (or more, others indicate, up to three million people) in that failed independence.
Problems of the Application of the Rule of Law
Problems of the Rule of Law
The rule of law is defined as the supremacy of law over everybody in a political system. Rule of...