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Flashcards in Global Institutions - Unequal Deck (4)
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1
Q

How do world bank help LICs?

A

Invest in healthcare / education / infrastructure.

2
Q

Where does WB money come from ?

A

Subscriptions from members.

But LICs do have to pay back loans.

3
Q

Criticisms of IMF and WB?

A

Led by HICs.

They do things for their advantage.

4
Q

criticisms of WTO

A

They try to reduce trade barriers, but developed countries have kept barriers in place , reducing imports from LICs.