CHAPTER 8.4

Question 1

WHAT WERE THE AIMS OF THE LON?

Answer 1

-TO DISCOURAGE ANY AGRESSION FROM ANY NATION
-TO ENCOURAGE COUTNRIES TO DISARM
-TO IMPROVE LIVING AND WORKING CONDITIONS OF PEOPLE ALL OVER THE WORLD

Question 2

AIMS AND FUNCTIONS OF UN

Answer 2

-REPLACED OR TOOK OVER FOR THE LON
-TO MAINTAIN WORLD PEACE AND SECUTRIY THROUGH NEGOTIATIONS
-TO PROMOTE INTERNATIONAL CO-OPERATION

Question 3

WHAT WAS THE COLD WAR?

Answer 3

• IT WAS THE PERIOD OF SUSPICIONS AND HOSTILITIES BETWEEN USA AND RUSSIA
  -NOT PHYSICAL WAR BUT MUTUAL ANTAGONISTS

Question 4

ORIGIN OF THE COLD WAT

Answer 4

-CUNTRIES AGREED THAT RUSSIA SHOULD WITHDRAW FROM EASTERN EUROPE, BUT IT REFUSED. USA THEN ACCUSED RUSSIA FOR USING FORCE IN EASTERN EUROPE, ALL THIS LED TO TENSION BETWEEN THE TWO

Question 5

WHY WAS THE WORLD BANK FORMED?

Answer 5

• IT WAS FROMED AS A DEVELOPMENTAL INSTITUTION TO FINANCE THE ECONOMIC DEVELOPMENT INT DEVELOPING COUNTRIES

Question 6

WHY WAS THE IMF FORMED?

Answer 6

FORMED AS A COOPERATIVE INSTITUTION THAT SEEKED TO MAINTAIN AN ORDERLY SYSTEM OF PAYMENTS AND COLLECTIONS OF REVENUES BETWEEN STATES

Question 7

HOW WERE FUNDS MADE AVAILABLE TO MEMBER STATES?

Answer 7

-RECEIVEING COUNTRIES HAVE TO AGREE TO THE ECONOMIC POLICY REFORM IN THEIR CONUTRIES
-THE BORROWER NAIONT IS REQUIRED TO REDUCE THE IMPORTS AND INCREASE ECPORTS IN ORDER TO GET ENOUGH MONEY TO REPAY THE LOAN

Question 8

CRITICISM AGAINST THE WORLD BANK:

Answer 8

-FOR IMPOSING A FREE MARKET SYSTEM
-MANY PRJECTS HAD POOR RESULTS
-BORROWERS DIDNT HAVE THE FREEDOM TO CHOOSE WHICH ECONOMIC POLICY TO FOLLOW