Lesson 77 pg. 213 - 215

Question 1

What do globalists say about industrially advanced countries (IACs)?

Answer 1

Globalists say that the industrially advanced countries (IACs) have a moral obligation to provide financial aid for the less developed countries (LDCs).
>they insist that unless the IACs help the LDCs, the rich nations will continue to grow richer while the poor nations become poorer, thus placing the blame of poverty on those nations that have benefited from the correct understanding of economics.

Question 2

What is the Bretton Woods Conference?

Answer 2

> The World Bank and the International Monetary Fund (IMF) both have their origins in the Bretton Woods Conference (1944), a gathering of national leaders who met to plan the world’s financial system for the post- World War II era
was masterminded by Communists and liberals

Question 3

Why are global humanitarian aid organizations destructive?

Answer 3

> because they permit struggling countries to become addicted to borrowing and debt
because they subsidize governments which have proved incapable of handling aid responsibly
because they lack accountability to anyone for how they spend their resources or what impact they have on their world