Membership of IGOs Flashcards
(8 cards)
1
Q
World bank members
A
189
2
Q
UN members
A
193
3
Q
IMF members
A
190
4
Q
WTO members
A
168
5
Q
Why has globalisation accelerated since 1960
A
Uptake of global organisations has skyrocketed increasing interconnectedness of states
6
Q
Trade blocs
A
Growth in regional trade blocs that take into account more local cultural factors
7
Q
Trade Bloc avatnages
A
Lower prices on imported products
Increased Export Potential
Increased Trade
Specialization
Greater competition keeps
prices down for the consumer
8
Q
Trade bloc disadvantages
A
Can lead to compromise as countries pool economic sovereignty
