Podcast
Questions and Answers
Which of the following is NOT a reason for the occurrence of globalisation?
Which of the following is NOT a reason for the occurrence of globalisation?
All countries in the world are members of the International Monetary Fund.
All countries in the world are members of the International Monetary Fund.
False
What is the main focus of the World Bank?
What is the main focus of the World Bank?
To reduce poverty and support development.
The GNI per capita of high-income countries is ___________ compared to low-income countries.
The GNI per capita of high-income countries is ___________ compared to low-income countries.
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Match the international financial institutions with their primary function:
Match the international financial institutions with their primary function:
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Study Notes
Problem Set 1 - Study Notes
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Q1: Richest Countries
- Identify the world's five richest countries.
- Use AI tools (e.g., ChatGPT) to verify the results and explain the reasoning behind the answer.
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Q2: Population and Wealth
- Investigate the correlation between country population size and wealth.
- Validate the answer using AI tools (e.g., ChatGPT) to evaluate rationale behind the findings.
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Q3: Rich vs. Poor Countries - Data Analysis
- Analyze the World Bank WDI data to determine the percentage of the world's population in high-income countries.
- Calculate the difference in GNI per capita between high-income and low-income countries (in percentage terms).
- Identify the least developed group of countries and justify the reason for their status.
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Q4: Globalization and Financial Institutions
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Globalization:
- Define globalization.
- List reasons for its occurrence.
- Determine globalization as beneficial or detrimental.
- Analyze the trade-offs countries face in a globalized world. (Review Core-Econ video: Dani Rodrik – Globalization).
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World Bank, IMF, and WTO:
- Describe the core functions and main focus areas of the World Bank, International Monetary Fund, and World Trade Organization.
- Elaborate on their importance.
- Use resources like www.imf.org; www.worldbank.org; www.wto.org for more information.
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Membership:
- Determine if all countries are members of the World Bank, IMF, and WTO.
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Globalization:
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Description
Explore key concepts in economics with a focus on wealth distribution among countries, the effects of population size on economic status, and the influence of globalization. This quiz combines data analysis from the World Bank with AI tool validation to deepen understanding of global financial dynamics.
