Podcast
Questions and Answers
What was the primary function of the IMF and World Bank in relation to underdevelopment?
What was the primary function of the IMF and World Bank in relation to underdevelopment?
- To promote international cooperation and financial stability
- To facilitate economic growth and independence in the Global South
- To provide humanitarian aid to developing countries
- To facilitate West's control over financial and trade arrangements (correct)
What was the result of the rise of international financial institutions in the 1960s and 1970s?
What was the result of the rise of international financial institutions in the 1960s and 1970s?
- A shift in economic power from the West to the Global South
- A decrease in international trade and investment
- An increase in international banking and financial operations (correct)
- A decline in the value of the US dollar
Why did the US provide aid to developing countries during the post-WWII period?
Why did the US provide aid to developing countries during the post-WWII period?
- To promote economic development and independence in the Global South
- To counter the spread of communism
- To maintain international trade and avoid recessions
- To supply aid and wealth to the US through credit (correct)
What was the role of governments in maintaining the economy during the post-WWII period?
What was the role of governments in maintaining the economy during the post-WWII period?
What was the outcome of the national liberation movements in the Afro-Asian continents during the 1950s-1970s?
What was the outcome of the national liberation movements in the Afro-Asian continents during the 1950s-1970s?
What was the purpose of the Bretton Woods System established in 1944?
What was the purpose of the Bretton Woods System established in 1944?
Why did the US fear recession during the 1940s-1970s?
Why did the US fear recession during the 1940s-1970s?
What was the outcome of the process of de-industrialization that began in the US during the 1940s-1970s?
What was the outcome of the process of de-industrialization that began in the US during the 1940s-1970s?
What was the impact of Nixon's decision to close the gold window in 1971?
What was the impact of Nixon's decision to close the gold window in 1971?
How did the World Bank and IFIs accelerate underdevelopment in the Global South?
How did the World Bank and IFIs accelerate underdevelopment in the Global South?
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