International Organizations and Agreements

Flashcards covering key concepts related to GATT, WTO, IMF, World Bank, ICJ, ICC, and NATO.

The three major organizations proposed at the Bretton Woods Conference are the International Monetary Fund (IMF), World Bank, and __.

International Trade Organization (ITO)

A "bound tariff" refers to __.

The maximum rates that a country can charge on imports from other member countries.

The concept of "Most-Favored-Nation" means __.

A single set of trade tariffs to all other members (equal treatment).

"National treatment" requires that countries __ between imported goods and domestically produced goods.

Do not discriminate.

The three major WTO agreements include GATT, GATS, and __.

The Agreement on Trade-Related Aspects of Intellectual Property (TRIPS).

The Biden administration's AI chip export ban invoked __ to protect its security interests.

The national security exception.

Country A can only apply a maximum of __% tariff on laptops imported from Country C.

10%.

A balance of payments crisis occurs when a country is __ to pay for the imports it needs.

unable.

The primary role of the World Bank is __.

Poverty reduction, education, health, and rural development.

IMF's quota represents the __ each member provides.

Financial contributions.

The initial official name of the World Bank is __.

The International Bank for Reconstruction and Development.

The main purpose of the International Court of Justice (ICJ) is to resolve __ between states.

legal disputes.

The name of the treaty that established the International Criminal Court (ICC) is __.

The Rome Statute.

For individuals to be indicted by the ICC, they must have committed __ listed in Article 5.

War crimes, crimes against humanity, genocide, and the crime of aggression.

The characteristic that makes the ICC's decisions non-binding is that it __.

relies purely on its member states.

Article 5 of NATO states that an armed attack against one member is considered an attack against __ members.

all.

To ensure collective defense, NATO requires a minimum of __% of GDP in national defense spending.

2%.

The first organization to promote cooperation in Europe after World War II was the __.

European Coal and Steel Community (ECSC, 1951).

The role of the European Parliament includes representing EU’s citizens and __.

passing laws.

According to Briggs (2017), World Bank loans are most common in __.

the wealthiest regions.

The ICJ requires parties to consent to its jurisdiction, which can be done through __ consent.

treaty-based.