EXAMPLES

Question 1

What is an SAP?

Answer 1

Structural Adjustment Programmes - loans provided by the IMF and the World Bank to countries experiencing economic crisis

Question 2

What is the CPI?
Who produces it?

Answer 2

Corruption Perception Index - shows how corrupt a country is based on the perceived levels of public sector corruption according to experts and business people

Produced by Transparency international in an aim to shed light on shady deals, weak enforcement of rules and other illicit practises that undermine good governments, ethical businesses and society at large

Question 3

What is corruption?

Answer 3

the abuse of entrusted power for private gain

Question 4

What does multilateral mean?

Answer 4

agreed upon/participated in by 3+ parties (country governments etc)

Question 5

What is G&?

Answer 5

Group of Seven
international intergovernmental economic organisation consisting of the seven IMF-advanced economies in the world
- Canada, France, Germany, Italy, Japan, UK, USA

Question 6

What is a free market?

Answer 6

economic system with little/no governmental control
- can be unobstructed competition between buyers/sellers

Gov control can include taxing/restricting products e.g. rice into Ghana
Quotas are government-imposed restrictions on the number or amount of a certain good or product being imported into a country.

Question 7

What is the IMF?
What does it do?

Answer 7

The International Monetary Fund
- an international organization of 191 countries working to foster global monetary cooperation, secure financial stability, and promote sustainable economic growth
- it does this by providing policy advice, financial support, and capacity development to member countries, especially those facing economic challenges

Question 8

What is the World Bank?

Answer 8

an international financial institution that provides loans and grants to developing countries to reduce poverty and support sustainable development