global systems and global governance

Question 1

international monetary fund (imf)

Answer 1

aims to foster global monetary cooperation, secure financial stability,, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Question 2

the world bank

Answer 2

group of global institution that give out loans for development and relief

Question 3

world trade organisation (wto)

Answer 3

try to organise and make trade free, dealing with the rules of trade between nations

Question 4

160+

Answer 4

members of the WTO

Question 5

1st January 1995

Answer 5

WTO founded as successor to GATT. Last major negotiation in Doha in 2001 which created the Doha Development Agenda

Question 6

Bretton Woods 1945

Answer 6

World Bank and IMF are founded

Question 7

189

Answer 7

number of countries in the IMF and the World Bank

Question 8

United States

Answer 8

country with most voting power in both the IMF and the World Bank

Question 9

New York

Answer 9

headquarters of both the IMF and the World Bank

Question 10

Geneva

Answer 10

headquarters of the WTO here

Question 11

Uruguay Round

Answer 11

set of WTO talks between 1986 and 1994 that reduced trade barriers on manufacturing goods

Question 12

Doha Development Agenda

Answer 12

WTO talks from 2001 designed to reform trade for farm products

Question 13

Bali Package

Answer 13

series of decisions from WTO in 2013 aimed at streamlining trade, allowing developing countries more options for providing food security, boosting least-developed countries’ trade and helping development more generally