What Is Sustainable Economic Development

How can the U.S. build an international system…?

1. How can the U.S. build an international system that promotes good governance, development, and poverty reduction?
2. How can the U.S. promote sustainable development and economic growth in developing countries?

This is more of opinion-based. I am working on scholarships and I want to use my views, but I am interested what others think.

Beef up the powers of the World Bank, and change its institutional rules to become more democratic (i.e. end the unwritten rule that its president is always American). The World Bank does a fairly good job of promoting good governance, development and poverty reduction, but it needs to be reformed according to the criticisms of the past years (not enough focus on sustainability, too much emphasis on the “Washington Consensus” of privatization, etc.). If sustainability is explicitly brought in as one of the institutional goals, I think that the World Bank could actually do a pretty good job of carrying out its mission.


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