Global Institutions - Unequal Flashcards
1
Q
How do world bank help LICs?
A
Invest in healthcare / education / infrastructure.
2
Q
Where does WB money come from ?
A
Subscriptions from members.
But LICs do have to pay back loans.
3
Q
Criticisms of IMF and WB?
A
Led by HICs.
They do things for their advantage.
4
Q
criticisms of WTO
A
They try to reduce trade barriers, but developed countries have kept barriers in place , reducing imports from LICs.
