Impact of World Bank on Australia's Retail Sector: Analysis

This report provides an analysis of the World Bank's influence on Australia's retail sector, focusing on the positive impacts of the bank's initiatives. It begins with an executive summary and introduction to the World Bank, outlining its mission to reduce poverty through financial assistance and its collaboration with the International Monetary Fund (IMF). The report then examines Woolworths, an Australian supermarket chain, and its role in the retail sector. It highlights the World Bank's activities in improving Australia's infrastructure, including collaborations with the Australian government and the Asian Development Bank (ADB) to boost investment and address key challenges. The report further details the improvements made by the World Bank, such as projects aimed at developing rural areas, improving public services, and promoting sustainable development in areas like education and healthcare. The analysis concludes by emphasizing the importance of the World Bank's support in fostering economic growth, reducing poverty, and enhancing the quality of life for Australians, particularly in rural communities, through micro-finance loans and investments in vital sectors like health and education. The report also touches upon the broader global context of these initiatives, highlighting the interconnectedness of the modern world and the role of effective governance in achieving business goals.

Running head: ANALYSIS OF THE WORLD BANK MEMBER COUNTRIES
ANALYSIS OF THE WORLD BANK MEMBER COUNTRIES
Name of the Student
Name of the University
Author Note

1ANALYSIS OF THE WORLD BANK MEMBER COUNTRIES
Executive Summary
This report is based on the analysis of the ways by which the World Bank has affected the
growth of a particular sector of a country. Australia has been chosen as the country and the
retail sector has been chosen for the detailed analysis. The different players in the retail sector
are considered in the analysis. The discussion has depicted that the retail sector of Australia
has been affected in a positive manner by the various steps that have been taken by the World
Bank. The country has also received support related various initiatives that has been taken for
the development of the society at large.

2ANALYSIS OF THE WORLD BANK MEMBER COUNTRIES
Table of Contents
Introduction....................................................................................................................3
About the organization and the country.........................................................................3
Analysis of the activities of the World Bank in improving the infrastructure of the
country........................................................................................................................................4
Improvements that have been made by the country.......................................................5
Management of the related organizations in global context..........................................9
Conclusion....................................................................................................................10
References....................................................................................................................12

3ANALYSIS OF THE WORLD BANK MEMBER COUNTRIES
Introduction
The World Bank is a financial institution which operates on an international basis.
The organization provides loans to the various countries of the world for the purpose of
completing capital projects. The World Bank Group consists of two major institutions like,
the International Bank for Reconstruction and Development (IBRD) and the International
Development Association (IDA). The World is considered to be a component of World Bank
Group. The major goal of the World Bank is to reduce poverty from the various countries
which are members of the institution. The World Bank was established in the year 1944 in
the Bretton Woods Conference with the International Monetary Fund or IMF. The president
of World Bank is an American (World Bank. 2018). The IMF and the World Bank are
located in Washington D.C. and they work in a close manner with each other. The two most
powerful nations of the Bretton Woods Conference are the United Kingdom and the United
States. The various negotiations that are made in the conference have been dominated by
these two nations mainly. The World Bank is thereby known in the industry for providing
temporary loans to the low-income based countries of the world. The policies that are related
to the providing of loans can be changes based on the discretion of the Bank itself (World
Bank. 2018).
The report will be based on the analysis of a country which is a member of the World
Bank. The country that is taken into consideration is Australia and the organization that is
considered for this purpose is Woolworths which is an international organization that
operates in the retail sector of the country.
About the organization and the country
Woolworths is an Australian supermarket chain which has more than 950 stores in the
retail sector. The company mainly relies on more than 1,00,000 employees who are members

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of the team. The employees are mainly posted in the stores, the distribution centres and the
support offices to provide superior services to the customers along with value, convenience
and range (Woolworths.com.au. 2018). Woolworths mainly prides on working with the
Australian farmers and the growers so that company can ensure that the best products can be
provided to the customers. The organization sources around 96% of the fresh fruit and the
vegetable and 100% fresh meat from the Australian growers and the farmers (Polak and
Boughton 2016). This quality makes the company as “Australia’s Fresh Food People”.
Woolworths is also considered to be an innovative retail organization which understands the
needs and the demands of the consumers. The company mainly targets the consumers with
the help of simple and new ways for them to shop. The consumers can thereby shop the
products with the help of their computers at home with the help of the Supermarket App
which further delivers the products directly to the consumers (Bulman, Kolkma and Kraay
2017).
The World Bank, the Australian government and the Asian Development Bank or
ADB have collaborated with each other to renew the commitment based on supporting the
Pacific island countries to address the key challenges that are facing this region. The major
issues that are being faced by the countries in this areas are, situations of fragility, gender
inequality, environmental vulnerability and economic vulnerability. The country and its
various projects are supported by the World Bank (Eichenauer and Knack 2016).
Analysis of the activities of the World Bank in improving the infrastructure of the
country
The World Bank Group and the Australian government have joined the forces for the
purpose of boosting the investment in the Indo-Pacific countries. A World Bank program has
been launched by the Government of Australia to help the countries in Indo-Pacific region to

5ANALYSIS OF THE WORLD BANK MEMBER COUNTRIES
attract and boost the potential foreign direct investments and to improve the economic
growth. The World Bank Group is the greatest multinational development partner of
Australia. The organization contains 18 member countries and this group has become a
source of technical and financial assistance to the developing countries of the world (Cohen
and Lee 2016). The collaboration that has taken place between the World Bank Group and
the Australian Government is mainly guided by Australia-World Bank Group Partnership
Framework which was signed in the year 2011. Australia is an influential and middle-sized
donor in East Asia and the Pacific with the development program in the countries like, the
Middle East, Africa and West and South Asia. The policy framework that has been formed
for Australia’s aid program has proved to be an effective aid program for Australia which
acknowledges that the multilateral organizations are partners in fight against poverty
(Duranton, Henderson and Strange 2015). The World Bank mainly works together with
Australia to take advantage of the skills and experience of the country. Australia has also
aimed at providing aid for the better future of the world. The aid program has contributed to
the sustainable growth of the economy and the reduction in the poverty rates. The world is
presently interconnected on a global basis. The aid program thereby provides more trading
related opportunities to the Australian business organizations and the neighbours. The
economic and the social stability has further reduced the risk that is based on the political
instability (Panayotou 2016). The Australian aid program is thereby supported by the World
Bank and is focussed in the regions like Asia and the Pacific areas. The major priorities that
are related to this program are, gender equality, health care, economic development and
agriculture. The World Bank has joined Australia in the aid programs that have been
organised by the country in various areas (Malik and Stone 2018).

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Improvements that have been made by the country
The projects funded by the World Bank that are implemented in Australia have been
able to improve the economic conditions of the country. More than 200,000 people in the
various remote communities will be affected by the Papua New Guinea of PNG project that
has been implemented by World Bank. The rural areas of the country have been developed
with the help of this program which was developed by the World Bank (Smets and Knack
2016).
The World Bank has also planned to boost the efficiency related to improved services,
reduced emissions and the cost savings. A new initiative has been taken by the World Bank
for helping the cities in the developing countries to integrate the energy efficiency into the
strategic planning and the operations. The improvement of the public services has also been a
major priority of the initiative that has been taken by the World Bank in the recent times. The
City Energy Efficiency Transformation Initiative or CEETI has been working with the
government of these areas for the purpose of facilitating the promising investments that are
based on the energy efficiency (Castaño, Méndez and Galindo 2015). ESMAP is a technical
and knowledge based assistance program that is administered by World Bank and the helps
the low and the middle income based countries to achieve the sustainable energy based
solutions.
Australia has been aiding the improvements that need to made in the lives of the poor
people who have been hit by the various issues like global recession, economic slowdown
and other factors. The country has been providing aid to the people in these areas with the
help of broad growth and the generation of employment. The development of the rural areas
has been a major part of the various initiatives that have been by the World Bank along with
Australia. The global demand for food has also increased due to the increase in population in
the rural areas of the country (Besley 2015). The changes that have taken place in the climatic

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conditions have caused issues in the daily lives of people who stay in the rural areas.
Australia, along with the assistance of the World Bank has been able to spend on the
development of the various rural areas.
The country has also been providing micro-finance based loans to the citizens of the
countries with the help that has been offered by the World Bank. The socio-economic
benefits in the Pacific region has been supported by the increased investment of Australia in
the process of policy reforms and maintenance. The major investments that have been made
on the infrastructure support is based on the investments related to transport. The programs
have thereby been expanded for the purpose of facilitating the new technologies. The
infrastructure aid also consists of the sanitation and waste related expenditures of the country
(Docquier, Ozden and Peri 2014). The World Bank and Australia together have also taken
initiatives which are based on the development of the education sector and the providing
highest levels of education to most of the children. The quality of the education that is
provided to the students in various countries have also been improved with the help of the aid
that is provided by the Australian government. The power of education is recognised by the
Australian government and this encouraged them to aid the various programs which are based
on providing education to the various students across the world. The government has thereby
planned to increase the expenditure that has been planned in the education sector (Graham
and Zvobgo 2018). The World Bank has been providing the adequate amount of resources
that are required for providing the right amount of education to children. The opportunities
related to higher education and scholarships have also been provided to the students so that
they are able to excel in their own fields. The country is supporting the enhancement of the
regional centres of education (Kersting and Kilby 2016).
Another major investment that has been by the World Bank along with the
government of Australia is in the health sector of the country. The various issues that have

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been occurring in this sector are aimed to be solved with the help of the investments that are
made in the health sector of Australia. The major problems related to health have been faced
by the people who are living in the rural areas of the country. The support related to the
health activities have been provided by the Australian government with the help of the World
Bank. Australia has further helped the partner countries in the maintenance of health related
investments that are made for the citizens (Bettin, Presbitero and Spatafora 2015).
Sustainable development is another major area where the Australian government is
investing along with the support provided by the World Bank. The governance of the
organizations operating in the modern business environment is important for the achievement
of various business goals. The building of capacities related to public financial management
and effective economic management is important. This further ensures that the public
resources can be used in a sustainable manner and in areas of need. The effective governance
takes place when the private sector, the government, the civil society and the citizens are able
to collaborate and work together (Freistein 2016). The effective delivery of the various basic
services like, education, health and infrastructure are all a part of the process of effective
governance. Effective governance further includes the commitment related to the process of
combating corruption, improvement of transparency and the accountability of the
government. The country is thereby committed towards working at all the levels of the
society in various partner countries. The economic governance is based on the reform of the
public sector. The Australian government has thereby planned various investments along with
the World Bank for the purpose of enabling sustainable development of the environment
(Moretti and Pestre 2015). The investments have made along with the various activities that
have been performed to reduce corruption in the government based activities. The country
has also provided significant assistance to the law and justice based reform efforts in the
various areas of the partner countries. The democratic processes will be improved with the

9ANALYSIS OF THE WORLD BANK MEMBER COUNTRIES
help of the Australian government and the support that is provided by the World Bank
(Duranton 2015).
Management of the related organizations in global context
The retail food sector of Australia is based on the strong relationship that has been
created between the financial sector of the country and the various retail organizations.
Australia is the 12th largest economy in the world and the World Bank has supported the
various sectors of the country with huge amounts of capital. The financial sector of the
country is considered to be well established in nature and this has provided support to the
retail sector. The World Bank has been supporting Australia in the various investments that
have been made by the country in different areas and sectors (Heidari, Katircioğlu and
Saeidpour 2015). The retail sector of the country is booming in nature and the various
organizations which are a part of this sector have been able to gain a lot. The strong economy
of country has been supported by the transparent methods related to trade which have been
implemented in the different areas. The country also exports various products and resources
to the different countries of the world which include, China, Korea, Japan, the United States
and India. The society of Australia is urbanized in nature and the areas are largely
unpopulated as well. The multicultural society of the country has also been a major reason
behind the growth of various sectors (Heidari, Katircioğlu and Saeidpour 2015). The major
players of the Australian retail market are Woolworths, which is an Australian owned
organization and they trade under the logo of the “Fresh Food People”. The core business of
the company in Australia is based on the sales of grocery. The Coles supermarket which is a
part of the conglomerate named Wesfarmers is another major player in the retail sector of
Australia. The company has been able to turn around the lagging sales with the help of the
strong customer relationship that has been created by Coles (Duranton 2015). The Aldi
supermarkets is another major organization in the Australian retail sector. This is a German

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based organization and the has been trading in Australia since the year 2001. The
organization is the only discounter in the Australian market which has increased its shares
every year in the market. Metcash Trading Limited Australia is also a large grocery based
organization in Australia. The company is a major wholesaler of goods which belong to the
grocery sector of the country. 7-eleven is another major retail store that has its operations in
Australia. The company is mainly known for the various convenience stores and the franchise
stores that are operated all over the country (Moretti and Pestre 2015). The industry of
supermarkets in Australia has been fiercely competitive in nature and the rapid growth of the
organizations have led to the increase of competition in the market. The levels of competition
have been increased by the three major retail organizations in the country, namely, Coles,
Woolworths and Aldi. The changes that occur frequently in the business environment have
been a major reason behind the high levels of competition in the industry. The shopping of
grocery is mainly done based on the preferences of the consumers (Docquier, Ozden and Peri
2014). The retail industry of Australia has contributed to the economy of the country. The
infrastructure of this sector has been developed with the help that is provided by the World
Bank to the government of Australia. The World Bank has been supporting the Australian
government in the various initiatives that have been taken for the development of its partner
nations. The booming retail sector of the country is thereby supported by the various loans
and investments provided by the World Bank (Docquier, Ozden and Peri 2014).
Conclusion
The report can be concluded by stating that the World Bank has provided huge
amounts of support to the Australian government for the improvement related activities of the
infrastructure of the country. The various steps that have been taken by the Australian
government along with the support of the World Bank has been a major reason behind the
improvement of the infrastructure of the country. The retail sector of Australia has been

11ANALYSIS OF THE WORLD BANK MEMBER COUNTRIES
considered for analysis in the report. The ways by which the retail sector of the country has
been supported by the World Bank has been analysed in the report. The analysis has shown
that the growth of the retail sector of Australia has been supported immensely by the various
steps taken by the World Bank. The sector has thereby shown huge growth and has
contributed to the development of the economy.

12ANALYSIS OF THE WORLD BANK MEMBER COUNTRIES
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