Critique of the IMF and World Bank

This excerpt describes the threat of protesters to disrupt the World Bank and International Monetary Fund meetings in 2000, with a pledge to avoid the violent clashes that occurred during the world trade talks in Seattle the previous year.

Source 1

Opponents of global financial powers threatened Tuesday to shut down World Bank and International Monetary Fund meetings next month, but pledged to avoid the violence that paralyzed Seattle during world trade talks. . . The protest groups view the IMF and the World Bank, both based in Washington, as institutions whose programs have failed these countries while enriching corporations and degrading the environment. Demonstrators, including U.S. labor unions, will use the occasion to challenge the Clinton administration's efforts to secure congressional approval of normal trade relations with China.

Harry Dunphy, "Protesters Threaten to Shut Down World Bank-IMF Meeting," March 14, 2000.

Question 1

Short answer

Identify one historical trend after 1945 that influenced the events described in the excerpt.

Question 2

Short answer

Describe one critique of globalization described in the excerpt.

Question 3

Short answer

Explain one negative effect of globalization on the American economy after 1990.

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