1.2C Making Money Flashcards
1
Q
Structure Adjustment Programmes (SAP)
A
Conditions that come with IMF loans, have to be followed for the loan to be given.
2
Q
Pakistan Changes
A
New president but takes over to mad debts.
Growing a trade deficit that was $26bn.
GDP growth is very low and interest rates very high.
Previously had 12 IMF bailouts
3
Q
How Has Globalisation Happened
A
Liberalised economies allow goods, people, money & ideas to move more freely.
4
Q
Free Trade
A
Removes tariffs, quotas and taxes, encouraging FDIs.
