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Global Companies (The World Bank (How does it work? (Gets money from…
Global Companies
The World Bank
How does it work?
Gets money from assets
Sells bonds
Works with WTO or UN
Major criticisms
High budget projects have gone array
3.5 million people displaced because of world bank
The money they give is not put to the right use
Their goals
To reduce extreme poverty
To raise the income of the bottom 40% of each countries population
To help countries in need
IMF lending
Major criticisms
How does it work?
Gives low interest loans to countires in need
No interest loans if country is too poor
Allows them to meet immediate financial needs
Their goals
To get every country on firm footing
WTO (World trad organisation)
Their Goals
Regulate trade
To keep the trade rules
Major criticisms
There is not punishment for over stepping these laws
Trump riidicules them saying they a a disaster
How does it work
Similar to a court of law