International Decision Making and IGOs Flashcards
What is the aim of the world bank?
They aim to increase financial development, focusing on humanitarian emergencies
Description of the IMF?
Founded to stabilise global currencies after the 1930s depression. A fund is created to be used as loans for countries in debt
What is the aim of the WTO?
They aim to free up global trade and reduce barriers
Description of the WEF?
Promotes public-private cooperation with aim of improving state of world by bringing groups together
What is the influence of the world bank on the global economy?
Projects aimed at eliminating poverty and implement sustainable goals
What is the influence of the IMF on the global economy?
stabilises global economy by having rich countries help those in heavy debt
What is the influence of the WTO on the global eocnomy?
allows countries to develop with increased trade links
What is the influence of the WEF on the global economy?
discusses issus such as corruption and economic systems. encourages governments to promote global links
Impacts of the world bank for superpowers? (2)
- as of 2016, USA controlled 16.5% of the world banks votes
2. 47% of votes lie with 8 largest contributers
Imact of the IMF for superpowers?
Voting proportion based on contribution so wealthier countries have larger influences
Impacts of the WTO for superpowers?
Frees up capital and labour movement for superpowers
Impacts of the WEF for superpowers? (2)
- TNCs gain favourable government policies
2. Networking leaders
What is the primary responsibility of the UN security council?
maintainence of peace and stability
How many members does the UN security council have?
15 members (with China, Russia, UK, USA and France being permanent members)
What does the UN security council do?
Recommends the secretary general and admission of new UN members. It can authorise direct action to resolve a conflict