Global Systems Flashcards
Define core region
Major world powers.
Wealthiest.
Hic
Define periphery region
LIC
Don’t have much wealth
Where is flow of remittance ?
Core > Periphery
Flows of capital??
Periphery > core
Flows of FDI?
Core > periphery
Flows of repatriation of TNC profits ??
Periphery > core
What money does the IMF and WB give to periphery countries ?
Loans to stabilise economy.
Low interest loans.
Development loads.
Disaster relief loans
What money does periphery counties give IMF and WB?
Loan repayments
What money does IMF and WB give core regions?
Repayment loans
What money does core regions give IMF and WB?
Funding through loans
Name 2 global financial systems
World bank
International Monetary Fund
Name 1 trade system
WTO
1 climate / environment system
Intergovernmental panel on climate change
So what kind of support do global systems give
Economic
Political
Social
Environmental
What have global systems helped with ?
Improved co operation .
Development.
Stability.
