3.2.1.2 Global Systems

Question 1

What are most global systems supported by?

Answer 1

International political organisations which have been established to provided stability or consensus across nations

Question 2

What has concerns about the global environment led to?

Answer 2

More international summits

The establishment of support structures like the IPCC

Question 3

What does the IPCC stand for?

Answer 3

Intergovernmental Panel on Climate Change

Question 4

What does support structures/organisations help do?

Answer 4

Improve co-operation
Stability
Development

Question 5

Who are the support organisations usually led by?

Answer 5

The more powerful nations with vested interests

Question 6

What disadvantages are there to powerful nations providing these support organisations?

Answer 6

Increased inequality, conflict and injustice because LEDCs are limited to how they are able to respond

Question 7

Which institutions support the structure of the world’s economic and financial order?

Answer 7

The international monetary fund (IMF)

The World Bank

Question 8

How do the IMF and world bank support global finance and economy?

Answer 8

By regulating and acting upon the flow of international capital
Giving loans to LDCs

Question 9

When and why were the IMF and World Bank formed?

Answer 9

After WW2

To steady the global economy and provide financial stability

Question 10

What does the IMF act as?

Answer 10

The regulator of financial flows and stabiliser of the system

Question 11

What does the World Bank act as?

Answer 11

The provider of support for less developed countries and aims to reduce poverty

Question 12

What is the World Trade Organisation?

Answer 12

The global institution that is responsibal for international trade

Question 13

What are the roles of the WTO?

Answer 13

To supervise/liberalise trade
Sort trade problems between member governments
Negotitate and agree rules for international commerce
Give trading nations confidence there will be no sudden policy changes

Question 14

How does the WTO supervise/liberalise trade?

Answer 14

By reducing barriers

Question 15

How many members are there in the WTO?

Answer 15

> 160

Question 16

How many members of the WTO are developing countries?

Answer 16

3/4

=roughly 120

Question 17

Who runs the WTO?

Answer 17

Its members, all decisions are made by consensus

Question 18

What was the Doha Develpment Agenda?

Answer 18

Series of talks to reform agricultural trade between advanced and developing economies

Question 19

What were the hopes of the Doha talks in Geneva (2008)?

Answer 19

Reduce tarriffs to 30%

A reduction in subsidies paid to produce farm products

Question 20

If developed countries adhered to the Doha talks, what would this mean?

Answer 20

A benefit in tade for developing countries
Reduced prices of food for customers in HICs
Fairer process for farmers in emerging economies

Question 21

What were the problems that emerged from the Doha talks?

Answer 21

The USA, EU and Japan insisted that some nations opened their markets to western manufactured goods
Emerging nations insisted on larger cuts in farm subisidies and tarriffs that US and EU got
Disagreement led to a collapse in the trade talks

Question 22

What were some successes of the Doha talks?

Answer 22

Bi lateral agreement between the EU and Latin America on the trade of bananas
Multi lateral trade agreement called the ‘Bali Package’
159 members agreed on a trade facilitation deal to speed up the movement of traded goods to reduce costs