The mechanism of the World Bank: A Critical Comparison with CARO’s Universal Governance Framework and Equitism

Abstract: This study criticizes the World Bank Group’s neoliberal development model’s ongoing inability to alleviate global inequality and attributes this shortcoming to its reliance on capital-intensive, voluntary growth strategies. The study compares the Bank’s strategy to the Universal Governance Framework (UGF), a new paradigm based on “Equitism” that promotes enforceable redistribute justice, using a qualitative…

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