Do you think the establishment of the ndb is the first step

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Assingment:

World Bank's history has been associated with the development of the Third World. But development is not limited to the third world. The economic crisis in the US and the Euro zone show that lessons of development - just like principles of sound economics - apply equally to all countries.

There is an emergent need to develop an infrastructure for a world beyond aid. To do so, Zoellick argues that the world still needs the World Bank.

Do you think the establishment of the NDB is the first step towards the end of the Bretton Woods system, as established at the end of the World War II?

Will the NDB win more members from the developing world and be in a position to challenge the hegemony of the World Bank and the Bretton Wood system?

Reference no: EM132270567

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