IGOs

Question 1

economic benefits of IGOS

Answer 1

-member countries of IMF access to info on economic policies of all member countries
-opportunity to influence other members economic policies
-technical assistance in banking
-financial support in times of payment difficulties
-increased opportunities for trade and investment

Question 2

political benefits of IGOS

Answer 2

-can give legitimacy to a nations action
-such as being part of security council (maintaining or restoring international peace)

Question 3

countries in security council as of 2024

Answer 3

-China, France, Russia, the United Kingdom, and the United States are permanent
-non permanent members elected by the UN General Assembly for two-year terms

Question 4

when was security council made and what does it show

Answer 4

-1945
-shows a country’s enhanced international standing and influence in matters of global peace and security
-provides platform to shape international policy

Question 5

security benefits of IGOs

Answer 5

-membership in an IGO e.g. NATO gives security
-provides arena where political differences can be resolved

Question 6

ideological benefits of IGOs

Answer 6

-member countries tend to be more democratic and democracies last longer

Question 7

what does each members quota determine in the IMF

Answer 7

its relative voting power

Question 8

who has the greatest influence on IGOS

Answer 8

superpowers

Question 9

what is the decision making like in the IMF

Answer 9

-not simply technocratic
-also guided by political and economic concerns (not purely based on giving to most needed, there’s also political influence)

Question 10

what happened in 2010 (IMF)

Answer 10

reforms to give more powers to emerging economies were agreed by the G20 (yet to be ratified by US congress)

Question 11

affect of America on decision making

Answer 11

-the 2010 reforms cannot pass without American approval
-since 85% of funds voting power is required and Americans hold more than 16% of voting power

Question 12

example of IMF controlling a nation

Answer 12

-did not allow Cote D’lvoire to receive aid until 2013
-when government agreed to set up commercial courts and hold free presidential elections

Question 13

what happened after economic reforms in Cote D’lvoire

Answer 13

-cancellation of 4.4bn of debt
-cancellation of a further 10bn depended on reform of countries electricity sector to allow companies to react to changes in world energy prices

Question 14

when did the IMF allow Cote D’lvoire to export cocoa again

Answer 14

when minimum wage agreements and investment in road infrastructure was achieved in 2011

Question 15

what have IGOs guided

Answer 15

international, economic, political environment for decades

Question 16

what do IGOs help to establish

Answer 16

policies, rules and regulations
-create treaties and agreements between nations

Question 17

what do IGOs aim to encourage

Answer 17

stability, security, prosperity and knowledge sharing