International Financial Institutions and Development

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What is the main purpose of the United Nations?

To dominate global trade agreements

To promote global peace, security, and cooperation (correct)

To enhance military power among member countries

To exploit natural resources in developing countries

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

Developing military alliances

Enforcing global trade regulations

Exploiting natural resources for economic gain

Promoting sustainable development and international cooperation (correct)

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

Climate change (correct)

Increased military conflicts

Technological advancements

Global economic prosperity

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

United Nations Signup and view all the answers

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 Signup and view all the answers

Which problem does the United Nations NOT focus on?

Military expansion among member countries Signup and view all the answers

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

Provokes political backlash and fuels nationalist sentiments Signup and view all the answers

What security challenges do governments face due to globalization?

Transnational terrorism, cyber threats, infectious diseases Signup and view all the answers

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

Preserving cultural identity and social cohesion Signup and view all the answers

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

Adopting protectionist measures Signup and view all the answers

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

To address new security challenges posed by globalization Signup and view all the answers

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

Exchange of ideas, information, and cultural practices across borders Signup and view all the answers

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

Promoting global trade and investment Signup and view all the answers

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

Rise in protectionism and economic nationalism Signup and view all the answers

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

Through partnerships and cooperation Signup and view all the answers

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

Great Depression and World Wars Signup and view all the answers

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

International Monetary Fund and World Bank Signup and view all the answers

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

Through close collaboration and sharing best practices Signup and view all the answers

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 Signup and view all the answers

Which historical event characterized the 1970s regarding exchange rates?

The rise of flexible exchange rate regimes Signup and view all the answers

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

Economic liberalization, deregulation, and technological innovation Signup and view all the answers

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 Signup and view all the answers

What enabled global market integration in the 1990s?

Advent of the internet and digital technologies Signup and view all the answers

What defines global corporations in terms of presence?

Operating across multiple countries and regions or continents Signup and view all the answers

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. Signup and view all the answers

How does regionalism benefit local economies according to the text?

By promoting the development of local industries through encouraging local transactions. Signup and view all the answers

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

Encouraging regional industries to compete internationally. Signup and view all the answers

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

Regionalization promotes domestic culture more than foreign culture. Signup and view all the answers

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

By promoting the exchange of goods, investments, and culture worldwide. Signup and view all the answers

What is one disadvantage of regionalism mentioned in the text?

Limiting the growth and development of regions. Signup and view all the answers