The Global Economy (part1) (chapter 2 CW)

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13 Terms

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The world bank

INTERNATIONAL FINANCIAL INSTITUTION

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July 1994

UNITED NATIONS MONETARY AND FINANCIAL CONFERENCE (The Bretton Woods Conference)

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Developing Country

Also called as less developed country or emerging market

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Developing country

Has a lower gross development product

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Developing country

Less mature and sophisticated economy

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Developing country

A country which has a slow rate of industrialization and low per capita income.

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Developing Country

Infant mortality rate, death rate and birth rate are low while the expectancy rate is high.

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Developed Country

  A country having an effective rate of industrialization and income.

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  1. Germany

  2. China

  3. Japan

  4. US

  5. UK

5 largest shareholders of world bank

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International Monetary Fund (IMF)

An organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth and reduce poverty around the world.

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IMF’s Mission

·      Works with governments around the world to modernize their economic policies and institutions, and train their people.

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IMF’s Mission

·      This helps countries strengthen their economy, improve growth and create jobs.

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  1. Investment Loans

  2. Development Policy Loans

TWO TYPES OF LOANS WORLD BANK CAN OFFER