IGOs and the global economic system

Question 1

IMF

Answer 1

Superpowers influence global economics through the IMF as 8 countries hold around half the vote, so they have the largest influence over 100s of countries

Forced African countries to cut health and education spending so negative impacts decided by top 10 countries

Question 2

WTO

Answer 2

Influences through poverty reduction programmes that stop subsidies so they can send their goods to these countries and make money off of imports

Pakistani fishermen, superpowers control the TNCs that overfished their waters

Question 3

WEF

Answer 3

WEF £19,000 to attend so limited accessibility for LICs

Discuss issues of corruption, terrorism and economic issues

Question 4

Positives

Answer 4

However, IGOs don’t always make decisions for profit as the WTO has many poverty reduction programmes also