global institutions Flashcards
what are IGOs?
intergovernmental organisations
global governance should include members from around the globe so that all opinions are fairly expressed.
what are the positives of global institutions?
Promoting Growth and Stability
aim for global economic equality, allowing less developed countries to grow economically. promoted through trade laws and regulations set by the WTO. Special and Differential Treatments are put in place by these global institutions so that struggling economies can grow
stabilising economies. The World Bank provides development loans and aid, and the IMF provides stabilising loans. ensures stability hopefully avoiding economic crashes which can have global consequences
Societal growth is promoted by global institutions maintaining social equality. The International Criminal Court, can prosecute those who have committed genocide, war crimes, or crimes against humanity.
Social stability including the prevention of conflicts and promoting global health. The World Health Organisation (WHO) combats global epidemics like malaria, obesity, and ebola.
Environmental stability is maintained by IGOs and NGOs: The World Wildlife Fund (WWF) and the International Union for the Conservation of Nature (IUCN) are some of the institutions that work for environmental conservation.
what are negatives of global institutions?
Exacerbating Inequalities and Injustices
creating more inequalities as they are not representative of every country. Institutions like G7 represent only the richest countries. Although these institutions work to help LICs and their debts, there are arguments that these countries should still be involved.
World Bank and the IMF only give loans conditionally, which can lead countries exposed to exploitation.
International laws and treaties are voluntary, meaning many institutions do not hold full power on global systems.
some countries and companies may still act against the policies, creating inequalities/problems. For example, there is much conspiracy that Japan are acting against the International Whaling Committee by illegally whaling for profits
Companies may manipulate the rules of global institutions in order to enhance their profits, which creates injustices. in the ‘Banana Wars’, American TNCs like Dole argued against the EU’s special treatment of Caribbean plantations, despite Latin American bananas supplying 75% of the entire market.
what % of global bananas does latin america produce?
75%
