Flashcards
Globalisation and the IMF, World Bank and WTO
Flashcards do conjunto (14)
- 1Give ways in which global flows may be viewed as threats politicallyGlobalisation operates mostly in the interests of the richest countries, which continue to dominate world trade at the expense of developing countries. The role of LEDCs in the world market is mostly to provide the North and West with cheap labour and raw materials.
- 2What are the IMF, World Bank and WTO (formerly GATT) collectively referred to as, and why are they given this name?Bretton woods organisations due to their formation in Bretton woods USA.
- 3What were the original main aims of the IMF, World Bank and GATT? How can you link this to the increase in globalisation?Promote fair trade between nations and free trade liberalization resulting in increased globalization.
- 4Over time, what has the remit of the institutions grown to include? How can you link this to globalisation?The World Trade Organization (WTO is also a global association with 164 member countries. The organization's purpose is to promote fair trade between nations.
- 5How have they encouraged this?The IMF promotes itself as “an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.” It was created in 1944,
- 6What is FDI?Foreign direct investment
- 7What encouraged an increase in FDI (and so globalisation) in the 1980s?International organisations and the reduction in red tape due to prominent world wide leaders such as Ronald Reagan and Margaret thatcher.
- 8What strategies have been used by US and European banks and finance companies which have resulted in companies globalising rapidly?The organization’s “primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens)
- 9Explain what these strategies involve.The organization’s “primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens)
- 10What is the main role of the World Bank and what evaluative points can you make about it?The organization’s “primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens)
- 11What is the main role of the IMF and what evaluative points can you make about it?The organization’s “primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens)
- 12What is the main role of the WTO and what evaluative points can you make about it?The organization’s “primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens)
- 13What case study can be used to highlight a negative of the World Bank? What impact did it have on the country?The organization’s “primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens)
- 14What threatens the future role of the IMF, World Bank and WTO?The organization’s “primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens)
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- FlashCards sobre Sem título, criado por Never Last em 07-11-2019.
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