Intergovernmental organisations

Question 1

What are IGOs?

Answer 1

An entity created by treaty, involving two or more nations, to work in good faith, on issues of common interest

Question 2

What are some examples of important IGOs?

Answer 2

WB= world bank
IMF= international monetary fund
WTO= World trade organisation
OECD= organisation for economic cooperation development

Question 3

What did governments do after ww2 to prevent future wars?

Answer 3

created an economic system with greater cooperation

Question 4

What is the Bretton woods conference?

Answer 4

a meeting in 1944 where the rules on IGOs were created

Question 5

What is Bretton wood thought to?

Answer 5

First point of political globalisation

Question 6

What do IGOs cause an increase in?

Answer 6

global trade

Question 7

What is the aim of OECD?

Answer 7

improve economic & social wellbeing of people world-wide through ‘improvement policies’

Question 8

What is another name for improvement policies?

Answer 8

SAPs (structural adjustment policies)

Question 9

Who are IGOs mainly controlled by?

Answer 9

western countries (predominantly USA)

Question 10

Who are usually the most negatively affected by SAPs?

Answer 10

the poor

Question 11

What is Cote d’lvoire

Answer 11

the ivory coast

Question 12

Where is the Ivory coast?

Answer 12

sits in Western Africa

Question 13

What type of economy is the Ivory coast?

Answer 13

An LIC
but has a high income for its region

Question 14

what is the GDP per capita in the Ivory coast?

Answer 14

$1014

Question 15

What is the Ivory coast the biggest exporter of?

Answer 15

coco beans

Question 16

Why did the IMF deprive the Ivory coast of aid?

Answer 16

deprived until 2013 when it government was forced to set up democratic elections (good adjustment) also forced to have ‘economic reforms’

Question 17

How much debt was written off from the Ivory coast?

Answer 17

$4billion

Question 18

What was the debt of Ivory coast swapped for?

Answer 18

it had to reform its energy sector

Question 19

what does it mean to reform the energy sector? (Ivory coast)

Answer 19

Electricity sector sold to western TNC

Question 20

What is the problem with privitisation of electricity sector?

Answer 20

causes electricity prices to go up (company want to recoup losses and make profit)

Question 21

What was the condition for Ivory coast of they wanted to invest in education?

Answer 21

had to open up the banking sector

Question 22

What are IGOs wanting to promote?

Answer 22

free-trade and capitalism

Question 23

What do the policies from IGOs help?

Answer 23

help the country to move through the Rostow model using SAPs

Question 24

What are the problems with SAPs?

Answer 24

budget costs of loans often affect money spent on education and healthcare (Indonesia)

Question 25

How do SAPs allow western control?

Answer 25

they indirectly control what developing countries do and how they spend money

Question 26

What is OECD?

Answer 26

Organisation for Economic Co-operation and Development