Role of IGOs Flashcards
why have some IGOs promoted neo-liberal market and trade policies for economic development
EXAM QUESTION 8 marks
> one reason- promotion of deregulation to increase world wide trade by removing restrictions
one IGO that does this is WTO who oversea rules of trade and can dictate the reduction and removal of trade barriers to promote a neo-liberal market which will in turn increase economic development in lower income countries like china
> promotion of free trade and privatisation
the OECD promote trade policies which aim to improve the economic but also social well-being of people. It is a forum where governments from 34 members work together to understand what is driving economic changes. IGOs like this and the IMF aim to promote high employment which will in turn stimulate sustainable economic growth in countries.
links to rostows modernisation theory where we can see what has caused the drive to economic growth from traditional society to post consumer society»»»IGOs policies help countries go through this theory of Modernisation
IGOs promote capitalism which is critisised as it prioritises economies over the people
when was the OECD founded
1960 - Organisation for Economic Co-operation and Development
when was IMF founded and how many members
188 members 1948
when was WTO founded
1995 161 members
why was the WTO established
to help western countries have international protection on their property rights against global competition
comes at expense of countries
»> like China and Taiwan who see it as an unfair advantage and their economy is influenced by some counterfeiting of goods
