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The Failure of Multilateral Organizations to Support Stability in Developing Nations
This essay details the financial policies of the West towards second and third world countries, particularly that of multilateral organizations. The author asserts that these organizations put profit before social stability and favor short-term return over long-term benefit. The author includes several examples as evidence of self-serving lending practices and makes some suggestions for ways to improve the lending environment that will foster increased stability and productivity in vulnerable regions.