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Thursday, May 27, 2010

Sri Mulyani and World Bank’s notorious peacebuilding http://www.thejakartapost.com/news/2010/05/25/sri-mulyani-and-world-bank’s-notorious-peacebuilding.html

These diverse economies sit mostly on the periphery of the global economy and have experienced volatile political-economic conditions ranging from ethnic conflicts to political revolutions.From El Salvador and Sudan until Sri Lanka, the World Bank has been involved in post-conflict reconstruction as part of the United Nations peace operations.But, have the bank’s peacebuilding efforts found its ideal for a lasting peace? Has it created economic growth toward sustainable peace as expected?

Post-conflict countries such as Nicaragua, Guatemala, El Salvador — part of the 74 countries under Mulyani’s direction at the bank — have experienced rising unemployment and poverty instead of an improvement in welfare due to the misleading economic liberalization programs, a potential source of conflict the first time round. In short, the bank’s economic reconstruction had actually resulted in “impoverishing growth”.

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