POLS 1500 Chapter Notes - Chapter 11: Human Security, Marshall Plan, General Agreement On Tariffs And Trade
16 Apr 2017
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Document Summary
The economic collapse of 2008-2009- the global economic collapse that began in the united. States when the housing bubble burst, affecting banks around the world that had created products based on mortgages. Trust in banks evaporated, credit diminished, and global markets plunged downward. Poverty- according to the united nations, poverty is a denial of choices and opportunities, a violation of human dignity. It means lack of basic capacity provided by materials possessions or money to participate effectively in society. World bank group- a collection of five agencies, the first established in 1945, with head offices in washington, d. c. The wbg promotes development in medium- and low-income countries with project loans, structural adjustment programs, and various advisory services. World trade organizations (wto)- a permanent institution established in 1995 to replace the provisional gatt. It has greater powers of enforcement and wider agenda, covering services, intellectual property, and investment issues as well as merchandise trade.
