IGOs established after the Second World War have controlled the rules of world trade and financial f (Edexcel A-Level Geography): Quizzes

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IGOs established after the Second World War have controlled the rules of world trade and financial f
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In which year was the Bretton Woods agreement established?

1944

Where are the headquarters of both the IMF and World Bank located?

Washington DC

When was the WTO (World Trade Organization) founded?

1995

Where is the WTO headquarters located?

Geneva

Which is a component of Structural Adjustment Policies (SAPs)?

Opening domestic markets to investment

What problem hit World Bank loans made in the 1970s?

High interest rates in the 1980s

When was the HIPC initiative introduced?

1996

How much debt was written off for 18 poorest countries in 2005?

£30bn

How many people does the EU market provide access to for member countries?

Over 500 million people

What is a disadvantage of trade bloc membership for richer nations?

They contribute more than they receive

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