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Global governance: economic

9 important questions on Global governance: economic

Explain the definition economic global governance.

Global economic governance is the set of norms and institutions along which rules are generated to manage the global economy. It involved four categories of actors intergovernmental organizationx(IGOs) states , non governmental organizations (NGOs)and businesses.

Explain the role of the world bank

Thworld bank was founded at the Bretton woods conference in 1944. The founding objectives of the world bank were , as the name suggests to focus on reconstruction of states whose infranstructure who's infrastructure and economies of the second world war had been destroyed.

Explain the specific examples of the world bank in terms of its roles

The world bank is the world leading organisation on development and poverty reduction. It provided loans, technical and financial assistance to support reconstruction and development. It allocates us 20 billion of loans annually.

Explain the significanse of the IMF in terms of lending

A member country may request imf financial assistance if it suffers or is likelyti suffer a debt crsis - if it lacks or potentially lacks suffieccien financin on affordable terms to meet its ner international payments.

Explain the significance of the imf in terms of advises and advising less developed countries.

It advises member counties on how best to manage their economies, paricuaraly less developed member countires in which technical economic expertise may be lacking

Explain the example of the significance of the IMF in terms of providing advise to less economically developed countries.
(capacity building)

Imf experts provide training to member states to help them manage their economy more effectively. For example experts on tax collection may advise a state that is not taxing its population adequaltely on how to implement a fair and effective taxation system. It has established regional training centres in Africa to help build expertise in sub -Saharan African states.

Explain the significance of the IMF in terms of surveillance and monitoring

It monitors the economic outlook of both the world' economy and individual member countries , including forecasting and commenting on potential threats and weaknesses.

Explain how the imf helps with survelience and monitoring.

Reviews country policies and national , regional and global economic and financial developments through a formal system known as surveillance. The IMF advises its 189 member states, encouraging policies that foster economic stability , reduce vulnerability to economic and financial crises , and raise living standards.

Explain the insignificanse of using the IMF in terms of powerful states dominating the goals terms and conditions of the IMF lending

Some have ctricised the imf for being undeomortic , as voting power is weighted according to how much states contribute financially in the quota. This means that the most economically powerful states pay the most to the IMF and in return are allocated more power over deision making.

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Democracy and participation

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Global governance: economic

9 important questions on Global governance: economic

Explain the definition economic global governance.

Explain the role of the world bank

Explain the specific examples of the world bank in terms of its roles

Explain the significanse of the IMF in terms of lending

Explain the significance of the imf in terms of advises and advising less developed countries.

Explain the example of the significance of the IMF in terms of providing advise to less economically developed countries. (capacity building)

Explain the significance of the IMF in terms of surveillance and monitoring

Explain how the imf helps with survelience and monitoring.

Explain the insignificanse of using the IMF in terms of powerful states dominating the goals terms and conditions of the IMF lending

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Explain the example of the significance of the IMF in terms of providing advise to less economically developed countries.
(capacity building)