Economic Development Institutions

Write 4–6 pages in which you explain an economic development institution (EDI) and its relevance in world politics.
In this assessment, you will demonstrate your ability to describe and explain to others the social, economic, and environmental impact of economic development institutions (EDIs).
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By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
Competency 1: Examine the role and formation of supranational organizations.
Describe the key features of a particular economic development institution.
Explain a particular economic development institution’s effect on the political arena in the countries in which it is located.
Explain a particular economic development institution’s effect on the social and environmental performance of the countries in which it is located.
Describe the social, economic, and environmental responsibilities and influences of economic development institutions.
Competency 5: Evaluate global economic competition and cooperation.
Explain a particular economic development institution’s effect on the economic performance of the countries in which it is located.
Explain the effect of economic development institutions on economic cooperation and competition between countries.
Competency 7: Communicate effectively in a variety of formats.
Write coherently to support a central idea in appropriate format with correct grammar, usage, and mechanics.

Economic nationalism continues to dominate at this time. Economic nationalism is “the belief that the state should use its economic strength to further national interests, and that a state should use its power to build its economic strength” (Rourke & Boyer, 2010, G-3). However, with changes on the world stage (such as with technology and the growth of international trade unions), the concept of economic nationalism is now sometimes challenged. As an alternative, there is economic internationalism (also known as economic liberalism). This is “the belief that international economic relations should and can be conducted cooperatively because the international economy is a non-zero-sum game in which prosperity is available to all” (Rourke & Boyer, 2010, G-3).

To deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of the business community.
What is the international political economy (IPE)?
What is meant by gross domestic product (GDP), versus gross national product (GNP)?
What is economic nationalism, versus economic internationalism?
What is economic structuralism?
What is the difference between a more-developed country and a less-developed country?
What are the advantages and disadvantages of economic cooperation among countries?
What have been the effects of economic development institutions such as the World Bank on the global economy and global politics?

Economic development institutions such as the International Monetary Fund and the World Bank are examples of countries working together to help promote global economic stability and development. Are these institutions helpful, or are they detrimental to the countries with which they work? Is it important for countries to cooperate economically, or is it strictly a competition between nations?
In this assessment, examine an economic development institution (EDI), considering its development and structure and how the organization affects the countries in which it is located.
Use the Resources provided (or others you find) to research economic development institutions. It is important to be familiar with the characteristics of these types of organizations and understand the effects they have on the countries in which they work, as well as world politics.
To prepare for this assessment, choose an economic development institution (EDI). You may choose an EDI from the suggested Internet links in the Resources, or you may choose another institution. You may need to research beyond the institution’s Web site to complete this assessment.
For this assessment, complete the following:
Describe the EDI you chose and explain the EDI’s relevance in world politics. Include the following:
Membership today.
Scope of activities.
Overall success—or lack thereof.
Identify where the EDI works and where its headquarters are located.
Explain how the EDI affects the political arena in some of the countries in which it is located or works and whether it has become more influential over time.
Describe the social, economic, and environmental responsibilities and influences of EDIs.
What has been the effect of a particular economic development institution on the social and environmental performance of the countries in which it is located.
Has the EDI, since the inception of the organization, led to greater cooperation or competition (or both) within the countries in which they are located, and has that changed over time?
While content is the most important aspect of your paper, also important are organization, readability, grammar, and spelling. The length of your paper should be determined by its content.
Ensure your paper follows APA format. Add headers as appropriate, include a reference page at the end of your paper, and be sure to properly cite and provide references for material you use in your paper, per APA guidelines. The paper you submit should be in a Word document or RTF format.

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