International Financial Institutions and Development

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What is the main purpose of the United Nations?

To promote global peace, security, and cooperation

What are some of the key roles/functions of the United Nations?

Promoting sustainable development and international cooperation

Apart from the Covid-19 pandemic, what is one other major challenge facing global governance in the 21st century?

Climate change

Which international organization was founded in 1945 to promote global peace, security, and cooperation?

United Nations

What is the overarching goal of the Sustainable Development Goals (SDGs) set by the United Nations?

Eradicate poverty, safeguard the environment, and ensure prosperity for all by 2030

Which problem does the United Nations NOT focus on?

Military expansion among member countries

How does globalization affect governments in terms of political backlash and nationalism?

Provokes political backlash and fuels nationalist sentiments

What security challenges do governments face due to globalization?

Transnational terrorism, cyber threats, infectious diseases

How do governments respond to the social and cultural impacts of globalization?

Preserving cultural identity and social cohesion

What is one way governments may respond to globalization-induced challenges to assert national identity?

Adopting protectionist measures

Why do governments need to adopt multilateral approaches to security governance?

To address new security challenges posed by globalization

What does globalization facilitate that can lead to challenges for governments in preserving cultural identity?

Exchange of ideas, information, and cultural practices across borders

What is one of the primary goals of International Financial Institutions (IFIs) mentioned in the text?

Promoting global trade and investment

During the early 20th century, what led to a fragmentation of global markets?

Rise in protectionism and economic nationalism

How do International Financial Institutions (IFIs) maximize the impact of their interventions?

Through partnerships and cooperation

Which event contributed to the rise of protectionism and economic nationalism in the early 20th century?

Great Depression and World Wars

What key institutions were established following World War II to promote economic cooperation and reconstruction?

International Monetary Fund and World Bank

How do International Financial Institutions (IFIs) collaborate with various stakeholders to coordinate development efforts?

Through close collaboration and sharing best practices

What was the aim of the General Agreement on Tariffs and Trade (GATT) and later the World Trade Organization (WTO)?

To reduce trade barriers and facilitate international trade

Which historical event characterized the 1970s regarding exchange rates?

The rise of flexible exchange rate regimes

What drove the resurgence of globalization in the 1980s and 1990s?

Economic liberalization, deregulation, and technological innovation

What characterized the period of accelerated globalization in the 1990s?

Rise of global value chains, expansion of trade in services, and proliferation of regional trade agreements

What enabled global market integration in the 1990s?

Advent of the internet and digital technologies

What defines global corporations in terms of presence?

Operating across multiple countries and regions or continents

What is the main difference between regionalization and globalization?

Regionalization focuses on economic, political, and cultural connections within a specific region, while globalization refers to interconnectedness and interdependence worldwide.

How does regionalism benefit local economies according to the text?

By promoting the development of local industries through encouraging local transactions.

Which of the following is NOT an advantage of regionalism mentioned in the text?

Encouraging regional industries to compete internationally.

What is one way regionalization differs from globalization in terms of culture promotion?

Regionalization promotes domestic culture more than foreign culture.

How does globalization contribute to a more interconnected world, according to the text?

By promoting the exchange of goods, investments, and culture worldwide.

What is one disadvantage of regionalism mentioned in the text?

Limiting the growth and development of regions.

Explore the role of International Financial Institutions in financing projects to improve access to basic services and promote inclusive growth. Learn about their coordination efforts with governments and other stakeholders to align development priorities.

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