Podcast
Questions and Answers
What was the original name of the World Bank?
What was the original name of the World Bank?
- International Bank for Reconstruction and Development (correct)
- Global Financial Institute
- International Development Bank
- World Economic Fund
Which of the following goals is NOT a target of the World Bank today?
Which of the following goals is NOT a target of the World Bank today?
- Reducing extreme poverty
- Funding military projects (correct)
- Improving health and nutrition
- Raising the income of the poorest 40%
Which organization was created in 1949 as a military alliance?
Which organization was created in 1949 as a military alliance?
- United Nations
- BRICS
- World Bank
- NATO (correct)
What is a primary criticism of the World Bank's funding projects?
What is a primary criticism of the World Bank's funding projects?
Which collective security goal does NATO pursue?
Which collective security goal does NATO pursue?
What is BRICS primarily aimed at achieving?
What is BRICS primarily aimed at achieving?
What percentage of the world's population do BRICS countries currently represent?
What percentage of the world's population do BRICS countries currently represent?
How many countries are currently part of BRICS?
How many countries are currently part of BRICS?
Flashcards
What is the World Bank?
What is the World Bank?
The World Bank was established in 1944 by Allied nations to help rebuild Europe after World War II. Today, its primary focus is on poverty reduction and improving quality of life in developing countries through low-interest loans and funding for projects in areas like food production and health.
What is a major criticism of the World Bank's projects?
What is a major criticism of the World Bank's projects?
The World Bank's projects have resulted in the displacement of millions of people, often from their ancestral lands, to make way for development projects.
What is NATO?
What is NATO?
NATO is a military alliance formed in 1949 by Western countries to defend against potential threats from the Soviet Union. It is a collective security system where member states agree to defend each other in case of an attack.
How does NATO work to secure peace?
How does NATO work to secure peace?
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What is BRICS?
What is BRICS?
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What is BRICS's relationship with the G7?
What is BRICS's relationship with the G7?
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What criticism is leveled against the World Bank's structure?
What criticism is leveled against the World Bank's structure?
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What is the main goal of BRICS?
What is the main goal of BRICS?
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Study Notes
World Bank
- Founded in 1944 by allied nations (USA and UK)
- Initial name: IBRD
- Aims to rebuild Europe, fund food production, health, and nutrition, and reduce poverty
- Provides low-interest loans
- Employs experts in finance, engineering, anthropology, and social sciences
- Partners with the UN and WTO
- Displaced nearly 3.5 million people due to projects
- Kenya used funds for evicting indigenous people, and corrupt leaders misappropriated loans
- Western countries hold considerable power
NATO
- Founded in 1949
- 32 member countries
- Official languages are French and English
- Headquarters in Brussels, Belgium
- Collective security system; member states defend each other against attacks
- Goal: military alliance, international solidarity against potential attacks (like the Soviet Union)
- Current goal: global peace through deterrence (threatening force)
- Western countries are overrepresented, causing an imbalance of power
BRICS
- Founded to offer an alternative to the Western-dominated global order
- Original members: Brazil, Russia, India, China, and South Africa.
- 10 members, adding Iran, Egypt, Ethiopia, and the UAE
- Rivalry with G7 countries (Canada, France, Germany, Italy, Japan, and UK, USA)
- Represent approximately 45% of world's population, 30% of world's land, and 33% of global GDP (gross domestic product)
- Aims to create a more inclusive group, use more local currencies, and develop a BRICS bank to rival IMF and World Bank
OPEC
- Organization of the Petroleum Exporting Countries
- 13 member countries, with additional 23 countries in the OPEC+ group
- Major oil exporters globally
- Aims to control oil prices using supply and demand
- Reduced oil production during the Covid-19 pandemic led to price drops
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Description
Explore the roles and impacts of key global organizations such as the World Bank, NATO, and BRICS. This quiz covers their foundations, purposes, and the challenges they face. Dive into the dynamics of international cooperation and the complexities of power balances among nations.
