Lesson 6 Flashcards
What is the World Economic Forum’s Role (WEF)?
Promote public private co-operation and global thinking to resolve disputes
What influence do the World Economic Forum’s (WEF) give?
TNC’s gain a lot from government policies so networking is popular
Problems with the World Economic Forum’s (WEF)?
Anti globalisation argue capitalism = inequality
What is the World Trade Organisation (WTO)?
Premote international co-operation to ease trade by getting rid of tariffs
What influence do the World Trade Organisation (WTO) give?
Allows bargaining, trading routes. (Europe and US)
Problems with the World Trade Organisation (WTO)?
Long decision making process eg Pakistan floods could have been prevented
What is the World Banks role?
A bank to finance development.
Problems with the World Bank?
EU almost have 50% of votes
What influence does the World Bank have?
Helped with post WW2 reconstruction in France and Japan. Worry in Japan that USSR would take over
What is the International monetary fund (IMF)?
Stabilise currencies after 1930s depression and WW2
What influence does the International monetary fund (IMF)?
Forced Bolvia’s government to sell/privatise water supplies, US water company bought it made prices unaffordable
Problems with the the International monetary fund (IMF)?
Impose conditions to who loan money
What is the United Nations (UN)?
Promote peace and cooperation
what influence do the United Nations (UN) have?
Security council has been criticised for not taking forceful action
What are the problems with the United Nations (UN)?
Decisions aren’t legally binded
What is G7?
7 richest most powerful nations. Direction of western democracies are discussed ti improve lives in developing countries
What influences does G7 have?
Boosted African agriculture as government agreed to change seeds, land and tax laws to favour private investor over smaller farmers
What are the problems with G7?
Other countries decide what is best for a country
Why was Russias membership suspended from G8?
Annexed Crimea
