Read the scenarios below and the descriptions of each organisation. For each scenario explain which organisation/institution would get involved and how they would help to resolve the situation. NB: more than one organisation will be involved, make sure you explain them all.
1) A country within the continent of Africa does not believe they are being paid a fair price for some of their goods and that they are being ‘undercut’ by another country.
WTO-deal with trade between countries.
IMF-financial cooperation between countries.
2) An individual country wishes to lower its customs tariffs and trade barriers as well as keeping open markets.
what does that even mean????????
3) A country in Asia has companies who are exploiting their workers, through poor working conditions and unfair wages.
UN-human rights.
UN works with IMF and World Bank to do this.
4) An Less Economically Developed Country wishes to sell its primary products globally to NIC’s and More Economically Developed Countries but does not have the money or contacts to start this process.
World Bank-money
IMF-trade
Extension – Exam Practice
1) Name two global organisations (2)
The World Bank and the World Trade Organisation.
2) Explain two ways global organisations can help LEDC’s (4)
Help to bring money into the country through trade. Make sure that everything is fair and no one's human rights are breached.
3) Describe how one named global institution helps to make countries more globalised and creates a global economy (6)