Podcast
Questions and Answers
What was the original name of the World Bank?
What was the original name of the World Bank?
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?
Which organization was created in 1949 as a military alliance?
Which organization was created in 1949 as a military alliance?
What is a primary criticism of the World Bank's funding projects?
What is a primary criticism of the World Bank's funding projects?
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Which collective security goal does NATO pursue?
Which collective security goal does NATO pursue?
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What is BRICS primarily aimed at achieving?
What is BRICS primarily aimed at achieving?
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What percentage of the world's population do BRICS countries currently represent?
What percentage of the world's population do BRICS countries currently represent?
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How many countries are currently part of BRICS?
How many countries are currently part 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.
