Neo Liberalisation in Developing Countries
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Questions and Answers

What are the reasons why many developing countries could not benefit from globalisation?

Insufficient capital and technology

What did governments of developing countries do to attract foreign capital investment?

Reduce their control to a large extent

What are the new economic policies that completely disregard government control?

Neo liberalisation

Which international financial institutions enforce globalisation policies?

<p>World Bank and International Monetary Fund (IMF)</p> Signup and view all the answers

What has strengthened globalisation alongside the growth of multinational companies?

<p>Formation of the World Trade Organisation</p> Signup and view all the answers

What is the main objective of the World Trade Organization (WTO)?

<p>To promote free trade among its member countries.</p> Signup and view all the answers

When was the World Trade Organization (WTO) founded?

<p>January 1, 1995.</p> Signup and view all the answers

How many member countries did the WTO have as of 2018?

<p>164 member countries.</p> Signup and view all the answers

What is the role of the Dispute Settlement Body within the WTO?

<p>To help settle disputes between member nations regarding trade issues through consultation and conciliation.</p> Signup and view all the answers

List one criticism faced by the WTO.

<p>Lack of transparency in decision making.</p> Signup and view all the answers

What type of treaties does the WTO negotiate among its member states?

<p>Multilateral treaties aimed at liberalizing trade.</p> Signup and view all the answers

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