market. Second is the International Development Agency (IDA) scheme. Resources for IDA loans are raised through subscriptions from wealthy members such as the U.S.A, Japan, and Germany. IDA loans only go to the poorest countries. Both the IMF and the World Bank were established in 1944 at the Bretton Woods conference. They were major donors to post-independence in Zaire. They are both funded by subscriptions from member countries including significant contributions from all the worlds developed nations. There are a lot of debates concerning the roles of IMF & the World Bank and their policies for many developing nations. A company named Genetically Modified Foods (GM) was center stage because of the concern with the safeness of its contents. Many countries did not approve of the company because it would mean that the business between the foreign company and the U.S. would decrease most definitely.An incident involving the major company Shell International and Nigeria caught the attention of the U.S. Shell had a huge oil spill in the jungles of Africa, which killed a lot of inhabitants. And in addition to refusing to clean up the problem, Shell closed up its oil refinery, which left all of its employees jobless.Shady happenings in Senegal involving the fishing of the coast became public. Many of the seamen spoke of “midnight marauders,” ships that crept into the night and were sneaking onto the coast to wrongfully fish, steal fish, cutting nets, and other illegal activities.In India, there is a company making a name for itself in the area of informational technology. They are using the World Wide Web for profitable purposes. The only problem is that not everyone is Internet literate, or even computer literate in India. So the ignorance of over 70% of India’s population due to economic inefficiencies has expelled their society from chances to be an informational technological powerhouse. One of the North A...
