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Foundations of the American CenturyThe Ford, Carnegie, and Rockefeller Foundations in the Rise of American Power$
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Inderjeet Parmar

Print publication date: 2015

Print ISBN-13: 9780231146296

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231146296.001.0001

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American Power and the Major Foundations in the Post–Cold War Era

American Power and the Major Foundations in the Post–Cold War Era

(p.221) 8 American Power and the Major Foundations in the Post–Cold War Era
Foundations of the American Century

Inderjeet Parmar

Columbia University Press

This chapter analyzes the impact of the overarching by-product of the major foundations' efforts—the economic order based on capitalist globalization—in the post-Cold War era and beyond. Major foundations remain supportive of existing international organizations and new organizations more suited to global conditions, with the likes of the International Monetary Fund (IMF) and the World Bank. The Ford Foundation awards monetary grants to the World Bank for funding a microfinancing consultative group—a project that eases the loaning process in mainstream commercial banks. Another is the support of the Rockefeller Foundation to IMF's global programs, without which the world would return to the economic crises of the 1930s. Although they focused on the global sources for solutions to domestic problems, the 9/11 terrorist attacks, however, dealt a temporary blow to the trend. Nonetheless, the chapter follows the foundation-led globalization as this eventually spurred the emergence of the democratic peace theory (DPT).

Keywords:   capitalist globalization, post-Cold War, International Monetary Fund, IMF, World Bank, Ford Foundation, Rockefeller Foundation, 9/11 terrorist attacks, democratic peace theory

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