Economic Institutions the History of Term Paper

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That is, international financial organizations, such as the World Bank and the International Monetary Fund and which controlled by core states, decide that, in order to grant financial aid to undeveloped countries, these states should comply with some rules that are, in the end, in the detriment of their own economy. For example, Africa pays more to the IMF and World Bank, than it collects in credit from them, and this leads to low living standards, poor education and health systems and undeveloped infrastructure.

Besides financial institutions, transnational corporations have a saying in the economic development of a country. Although one might be tempted to say that a corporation, by creating a branch in an undeveloped country gives that economy a boom, it is actually all about personal gain.

Working in a corporation might be considered the best thing that could happen to a person, on a professional scale. You have a job, good advancement opportunities if you work hard, bonuses and paid extra hours. True. On the other hand, you might realize that you will have to spend a large number of extra hours in order to respect your deadline and that no matter what you study, no matter what your abilities are, you will have to be in a continuous professional development in order to reach their proficiency criteria.

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People working in corporations are slowly turning into robots, always meting with impossible deadlines, constantly moving from one place to another just to demonstrate to their superiors that they are worthy of that job. It is not about a company being grateful for its personnel but of each person being grateful for having a place to work in that company.

In conclusion, some corporations are similar to 'cults'. That is, they act as 'total institutions' and attempt to provide for all the needs of an individual; what they actually succeed is that they become the main focus of the individuals' life, taking them away from their family life and personal fulfillment and also affecting their self-image by modifying one's social status, altering one's emotional well-being and changing people's personal values......

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