TCW MIDTERMS

Cards (36)

  • made up of 189 member countries
    WORLD BANK MEMBERS
    • WORLD BANK (WB)
    • INTERNATIONAL MONETARY FUND (IMF)
    • THE GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT)
    • WORLD TRADE ORGANIZATION (WTO)
    ORGANIZATIONS
    • INTERNATIONAL FINANCE CORPORATION (IFC)
    • MULTILATERAL INVESTMENT GUARANTEE AGENCY (MIGA)
    • INTERNATIONAL CENTRE FOR SETTLEMENT AND INVESTMENT DISPUTES
    WORLD BANK GROUP
    • is an international development organization owned by 187 countries.
    • promotes long-term economic development and poverty reduction by providing technical and financial support (ex: projects, building schools, water, electricity, fighting disease, and protecting the environment.)
    WORLD BANK
  • to reduce poverty by lending money to the governments of its poorer members to improve their economies and standard of living
    WORLD BANK FUNCTION/ROLE
  • provides loans to lower income countries (construction of roads, bridges, etc)
    INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
  • provides loans for low-income countries (education, healthcare, etc)
    INTERNATIONAL DEVELOPMENT ASSOCIATION
  • provides investment and projects to promote economic growth
    INTERNATIONAL FINANCE CORPORATION
  • provide risk insurance to encourage foreign investment
    MULTILATERAL INVESTMENT GUARANTEE AGENCY
  • provide facilities for the conciliation of investment disputes between countries and foreign investors
    INTERNATIONAL CENTRE FOR SETTLEMENT AND INVESTMENT DISPUTES
  • is an international organization formed to assist developing low-income countries
    WORLD BANK GROUP ROLE/FUNCTION
  • 5 related institutions that cooperate together and assist 189 registered countries
    WORLD BANK
    • lending money to stabilize economies and avert currency crisis
    • by encouraging exchange rate stability and easing international trade and investment
    • provides policy recommendations and economic surveillance
    IMF
    • they provide short-term loans to prevent devaluation and retain the state fixed exchange rate
    IMF
    • had 190 member nations
    • Board of Governors (highest decision-making)
    • Executive Board consists of 24 Executive Directors
    INTERNATIONAL MONETARY FUND
  • to increase trade between nations by eliminating trade restrictions including tariffs, quotas, and subsidies
    GENERAL AGREEMENT ON TARIFFS AND TRADE
  • MFN
    Most Favored Nation
  • to minimize trade restrictions and tariffs, to reduce protectionism and promote free trade amongst countries
    GATT Roles/Function
    • 23 founding members (1947)
    • 128 member nations
    GATT MEMBERS
  • Sets the overall direction and priorities for the UN.
    GENERAL ASSEMBLY
  • Maintains international peace and security.
    SECURITY COUNCIL
  • Promotes international economic and social cooperation and development.
    ECONOMIC AND SOCIAL COUNCIL
  • Currently inactive, it was established to oversee the administration of Trust Territories
    TRUSTEESHIP COUNCIL
  • Settles legal disputes between states.
    INTERNATIONAL COURT OF JUSTICE
  • Codifies international law
    INTERNATIONAL CODE COMMISSION
  • focuses on the immediate stability of the financial system
    IMF
  • takes a longer-term view on fostering economic growth and reducing poverty
    WORLD BANK
  • collaborate on issues that affect both their mandates, like the impact of global economic slowdowns on development efforts
    IMF AND WORLD BANK
  • cornerstone of global governance, a system of international cooperation to address global challenges
    UNITED NATIONS
  • plays a crucial role in establishing international norms and principles on various issues
    UNITED NATIONS
  • complex network of organizations and specialized agencies, each with a specific focus area
    UNITED NATIONS
  • plays a central role in maintaining international peace and security by authorizing peacekeeping missions and mediating conflicts
    UN SECURITY COUNCIL
  • "interstate system" refers to the network of relationships between sovereign states within the global capitalist system
    WORLD-SYSTEMS THEORY
  • WORLD-SYSTEMS THEORY IS CHARACTERIZED BY?
    INTERDEPENDENCE
    INEQUALITY
    COMPETITION AND COOPERATION
  • might refer to the entire network of international institutions that govern global issues
    GLOBAL NETWORK OF INSTITUTIONS
  • near-universal organization with 193 member states
    UNITED NATIONS