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THE WORLD OF GLOBALISATION 2, image, image - Coggle Diagram
THE WORLD OF GLOBALISATION 2
REGIONAL ORGANISATIONS
Countries around the world take part in international organisations. They work together to encourage political and economic cooperation within particular regions of the world.
INFORMAL FORUMS
G7:
seven countries in the world that have the most economic and military power (the United States, Japan, Germany, the United Kingdom, France, Italy and Canada)
cannot make decisions,
but their initiatives related to world politics and the economy are later put into practice by international organisations.
BRICS
(Brazil, Russia, India, China and South Africa)
In their meetings, they discuss how to reform the international organisations to better reflect the current importance of these countries in the world economy.
ECONOMIC ORGANISATIONS
International Monetary Fund , prevent financial crises and to encourage economic stability. To achieve this aim, it advises governments on economic matters and gives loans to member countries
World Bank,main activity is to provide loans to governments so that they can carry out reform projects and programmes in their countries.
receive a lot of criticism
The richest countries have more oportunities and have advantages
order to provide a loan, the IMF requires the country which receives it to adopt a series of which increase social inequality. include cutting social services and benefits for disadvantaged sectors of the population, privatising state-owned companies. not carried out before certain fixed deadlines, the country receiving the loan may lose its financing.
more money a country contributes, the more votes it has.
G7 nations hold 48.2% of the votes, meaning that they can be sure that any decision will be in their favour. The World Bank works in the same way as the IMF. The United States, Japan, Germany, the United Kingdom and France together hold 36.7% of the votes, while the 24 African countries only have a total of 2.01%.
