soc300 week 2 discussion AND response

I need an explanation for this Sociology question to help me study.

Struggling to find relevant content or pressed for time? – Don’t worry, we have a team of professionals to help you on
soc300 week 2 discussion AND response
Get a 15% Discount on this Paper
Order Now

Week 2 Discussion INTERNATIONAL FINANCE

“International Finance.” Please respond to the following and LABEL EACH SECTION AS YOU POST:

1) MAIN DISCUSSION: READ AND COMPLETE ALL THREE SECTIONS A, B, and C.

The IMF and World Bank are the world’s two leading lending institutions, but much of their monetary assistance disappears once it enters the banking systems of developing countries.

A) Discuss information from the Webtext chapter reading and lecture that presents evidence that much of the monetary assistance and other forms of aid are stolen by government officials.

B) Explain in detail what other MAIN factors account for the misuse of these funds.C) How has the IMF and World Bank tried to control fraud, theft or corruption in developing countries?

NOTE! Class in answering these questions (Main Discussion), please provide sufficient and detailed content–short answers or bullet points are not sufficient. Please use complete sentences, include specific examples from the reading, and provide at least one reference. It is a good idea to refer to the Weekly Discussion guide (examples) before posting.

2) STUDENT TO STUDENT RESPONSE

Please respond to at least one (1) post from your peers. Consult the Weekly Discussion Guide and view the examples of Student to Student responses before posting.

3) INSTRUCTOR INSIGHTS: WEEK 2: REQUIRED

Class, as we move into Week 2, we saw that from Week 1, poverty is the very large central focus of many developing countries. Clearly there are many variables that are involved in the persistence of poverty among so many in nations around the world. Wealth inequality is usually well known for many of these countries, however, less well known is the fact that so many developing nations hold the majority of the world’s vast natural resources. These nations have great potential to develop through technologies (as many already have) to exponentially grow their economies to benefit all of their citizens, not just the very few who have gained a great deal of wealth.

Please view this short video and share your thoughts regarding the importance of growing jobs and energy in the country of South Africa.

Professor Royal-Smith

Watch VideoSouth Africa is facing a jobs and energy crisis

User: n/a – Added: 8/6/19

YouTube URL: http://www.youtube.com/watch?v=yC2Hd5IVoHw

—————————————————–

AND respond to this post directly:

Spicer

A)Discuss information from the Webtext chapter reading and lecture that presents evidence that much of the monetary assistance and other forms of aid are stolen by government officials.

I think in any government there is a risk of corruption. Even with the amount government regulations and government oversight to try and limit corruption there will still be government officials that find ways steal. Some of the ways monetary assistance is stolen by government officials is bid rigging, kick backs and preferential treatments for selected government officials. In developing countries kickbacks are a huge form of corruption because those that are in power have the means to keep themselves in positions of power by taking kick back and favors from the political offices and banks that are loaning the money. In most cases the population in these developing countries are uneducated and don’t have the resources to fight the corruption from their governments, so the cycle just continues.

Another way aid is stolen in these regions is thru the use of military funding. In these regions the military is heavenly depended upon to maintain peace and order and in most cases military officials are not transparent with their spending, so they are able to steal millions from government funding and use for their own personal use. If there is no transparency, then there is no way to account for the mis obligation of funds which allows them the opportunities to steal

  1. Explain in detail what other MAIN factors account for the misuse of these funds.

One of the main factors that account for the misuse of funds is in most developing countries there is not a honest bureaucracy established to oversee the finances. With as strong of a bureaucracy that the United States has and all the government oversight and various agencies created to oversee government spending that is still theft and corruption that occurs so I can only imagine how rampant it is in these developing countries.

C) How has the IMF and World Bank tried to control fraud, theft or corruption in developing countries?

I think one of the main ways the IMF and World Bank have tried to control fraud is by being transparent and by having to account to more than one official.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with MyCoursebay
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Nursing
Looks good. Thank you!!
Customer 452525, April 27th, 2022
Education
Thank you so much for all the help, I really appreciate it!
Customer 452631, November 3rd, 2021
IT, Web
A great job on my paper!! I really appreciate this!!
Customer 452885, January 30th, 2023
Classic English Literature
Nicely done. Ty. Worth every penny.
Customer 452455, June 6th, 2021
Other
GOOD
Customer 452813, July 5th, 2022
Finance
Thank You
Customer 452643, October 24th, 2021
Other
GREAT
Customer 452813, June 25th, 2022
Social Work and Human Services
Great Work!
Customer 452587, March 16th, 2022
Other
AWESOME
Customer 452813, June 21st, 2022
Human Resources Management (HRM)
Thank you for your service.
Customer 452701, March 6th, 2023
Other
awesome
Customer 452813, July 2nd, 2024
Social Work and Human Services
Awesome Work!
Customer 452587, October 20th, 2021
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Good News ! We now help with PROCTORED EXAM. Chat with a support agent for more information