Global Governance Flashcards
(10 cards)
Global institutions/agencies promoting growth and stability:
How do institutions aim for economic equality?
Institutions aim for global economic equality, allowing less developed countries to grow economically.
Economic growth is mainly promoted through trade laws and regulations set by the WTO.
Special and Differential Treatments and other agreements are put in place by these global institutions so that struggling economies can grow.
Global institutions/agencies promoting growth and stability:
How do global institutions stabilise economies
Global institutions stabilise economies. The World Bank provides development loans and aid, and the IMF provides stabilising loans.
These allow economies to stable during times of instability, hopefully avoiding economic crashes which can have global consequences.
Global institutions/agencies promoting growth and stability:
How is societal growth promoted by global institutions?
Societal growth is promoted by global institutions maintaining social equality.
The International Criminal Court, as an example, can prosecute those who have committed genocide, war crimes, or crimes against humanity.
Global institutions/agencies promoting growth and stability:
How is social stability maintained by global institutions?
Social stability is maintained by global institutions, including the prevention of conflicts and promoting global health.
The World Health Organisation (WHO) combats global epidemics such as malaria, obesity. and ebola.
Global institutions/agencies promoting growth and stability:
How is environmental stability maintained?
Environmental stability is maintained by
IGOs and other global institutions, such as non-government organisations (NGOs).
The World Wildlife Fund (WWF) and
the International Union for the Conservation of Nature (IUCN) are some of the institutions that work for environmental conservation.
Global institutions exacerbating inequality’s and injustices:
Give a example of a institution that has been accused of creating more inequality’s
Some institutions have been accused of creating more inequalities as they are not representative of every country, putting underrepresented countries at a disadvantage.
Institutions like G7 represent only the richest countries.
Although these institutions work to help LICs and their debts, there are arguments that these countries should still be involved.
Global institutions exacerbating inequality’s and injustices:
What is the problem with how the world bank and IMF give out loans
The World Bank and the IMF only give loans conditionally, which can lead countries exposed to exploitation.
It is perhaps unjust to force countries to open their markets up to receive help.
Global institutions exacerbating inequality’s and injustices:
What are the problems with international laws and treaties?
International laws and treaties are voluntary, meaning many institutions do not hold full power on global systems.
For example, members of the UN security council can veto propositions. Not every country in the world is part of the security council, meaning their laws do not apply to these countries.
Global institutions exacerbating inequality’s and injustices:
Give a example of how inequalities can be caused through countries and companies acting against global institutions policies
Despite global institutions’ best efforts, some countries and companies may still act against the policies, which can create inequalities.
For example, there is much conspiracy that Japan are acting against the International Whaling Committee by illegally whaling for profits.
Global institutions exacerbating inequality’s and injustices:
Explain the problem of some companies who are part of the global institutions
Companies may also manipulate the rules of global institutions in order to enhance their profits, which creates injustices.
For example, in the ‘Banana Wars’, American TNCs like Dole argued against the EU’s special treatment of Caribbean plantations, despite Latin American bananas supplying 75% of the entire market.
