IGOs established after the Second World War have controlled the rules of world trade and financial f (Edexcel A-Level Geography): Flashcards
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When was Bretton Woods Agreement signed?
When was Bretton Woods Agreement signed?
1944
What is the IMF's main role?
What is the IMF's main role?
Monitor economy & lend money to countries in financial crisis
What is the World Bank's main role?
What is the World Bank's main role?
Loans/grants for poverty reduction & economic development
When was the WTO founded?
When was the WTO founded?
1995
What does SAPs stand for?
What does SAPs stand for?
Structural Adjustment Policies
When was HIPC initiative launched?
When was HIPC initiative launched?
1996
Give one example of a SAP policy
Give one example of a SAP policy
Privatisation of industries & services
2005 G7 debt write-off amount
2005 G7 debt write-off amount
£30bn for 18 poorest countries
Name three trading bloc examples
Name three trading bloc examples
EU, NAFTA, ASEAN
How large is the EU market?
How large is the EU market?
Over 500 million people