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?
- Advances in technology
- Rise of multinational corporations
- Economic interdependence
- Increased trade barriers (correct)
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 (B)
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.
Match the international financial institutions with their primary function:
Match the international financial institutions with their primary function:
Flashcards
Globalization
Globalization
The process of increased interconnectedness and interdependence among countries, driven by factors like trade, technology, and communication.
World Bank
World Bank
The World Bank focuses on ending poverty and boosting shared prosperity by providing financial and technical assistance to developing countries.
International Monetary Fund (IMF)
International Monetary Fund (IMF)
The IMF aims to stabilize the global financial system by providing loans and financial advice to countries facing economic difficulties.
World Trade Organization (WTO)
World Trade Organization (WTO)
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GNI per capita
GNI per capita
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Study Notes
Problem Set 1 - Study Notes
- 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.
- 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.
- 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.
- Q4: Globalization and Financial Institutions
- 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).
- 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.
- Membership:
- Determine if all countries are members of the World Bank, IMF, and WTO.
- Globalization:
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