global economy

Question 1

WTO

Answer 1

set up postr WW2 to acheive global economic growth, removal of tariffs and quotas

Question 2

IMF

Answer 2

1947 established - communist nations withdrew from global economic system
1960 - decolonisation of africa, opportunity for IMF, africa department created
1970’s- Vietnam war, increased spending, inflation of dollar, less to loan therefore less sphere of influence
2000’s - debt forgivness for 22 nations, china joins, IMF injects 250bn into global economy

Question 3

walmarts GDP in 2016

Answer 3

$482bn
higher than spain

Question 4

shell

Answer 4

GDP higher than sweden

Question 5

TNCS

Answer 5

dominate economic landscape in terms of production, effect pricing of commodities trade and tech
influence gov policies, $1tn annually paid in bribes

Question 6

reverse colonialisation

Answer 6

TNCs founded in global periphery purchansing business in the core
Tata India, purchased Jaguar and Land rover