The Role of IMF and The World Bank in helping countries to overcome Essay

The Role of IMF and The World Bank in helping countries to overcome their economic problems - Essay Example This paper describes the activities, performed by the IMF and the World Bank, in order to ensure sustainable growth of the world economy, financial stability and to reduce to some degree negative developments, such as poverty and unemployment. The issue of global economy is no doubt a critical element in today`s world. An economy is essential in micro and macro levels in order to sustain communities. In order to sustain the financial well-beings of countries, banks have been established to facilitate the process of a healthy economy. The World Bank and IMF are two of the largest institutions that are a critical component towards the vitality of underdeveloped countries. The IMF ensures the stability of the global finance system by regulating exchange rates, analyzing devaluations, and overseeing balance of payments.The IMF works on a â€Å"quota basis† in which a nation’s contributions are based on its weight in the international economy. The more â€Å"quotas† that a nation possesses the more borrowing capacity it has. Under-developed countries are able to seek and receive aid. The Consumer Price Index (CPI) enables the World Bank to examine the financial being of the well-being of the nation that is in need of assistance. The Bank also has a sub-committee known as the International Development Association. The IDA facilitates the bank process of allocating resources to certain programs. The aim of the bank is to use CPI in order to assess how conductive a country’s policy and institutional framework.

Leading Group Challenges Paper Essay Example | Topics and Well Written Essays - 1500 words

Leading Group Challenges Paper - Essay Example There have been a significant number of literatures covering the nature, theories and applications of leadership and its effect to job performance and satisfaction. The diverse patterns of behavior and actions that leaders exhibit over a period of time and perceived by followers have been identified as the dominant style of leadership. This style is developed utilizing an interplay of factors which shape leadership development. In this regard, the essay is written to proffer challenges of leading groups in a criminal justice organization. Particularly, a description of the challenges currently faced by criminal justice leaders would be included in the discourse; as well as predictions of the challenges that will be faced over the next 5 years. Leadership is the process of influencing people to work or act towards the attainment of specifically defined goals (Martires & Fule 2000: 569). â€Å"Leadership is a process whereby an individual influences a group of individuals to achieve a common goal† (Northouse, 2004). Authors Lussier & Achua (2004) define leadership as â€Å"the influencing process of leaders and followers to achieve organizational objectives through changes†. And Schermerhorn, Hunt, & Osborn (2008, 243) state leadership as â€Å"the process of influencing others to understand and agree about what needs to be done and how to do it, and the process of facilitating individual and collective efforts to accomplish shared objectives†. All authors share the same conviction who perceived leadership as a process of influencing others. Further, all authors conform to the following factors as relevant components of the leadership process: (1) influencing people; (2) towards the achievement of a goal. There is the component of influence by exerting the ability to develop and communicate that vision to a group of people who would make that vision come true. According to McKinney (2008, par. 1),