INTD 200 Lecture Notes - Lecture 18: Economic Globalization, Marshall Plan, United Nations Economic And Social Council
16 Dec 2012
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Lecture 18: world trade organization, world bank and imf. Imf and the world bank: bretton woods institutions. The wto is not a bretton woods institutions. All three of these institutions have clashed with the un"s main goal at some point or another. Wto and development agencies: economic globalization, applicability of economic, social and cultural rights. Meet once a year: major day to day decisions: 25 member executive directors, voting is weighted based on donations, president has always been an american, voting: based on quota subscriptions. Shifted in the favour of wealthy countries: first world bank loan was made to france, international development agency. Loans and grants to the poorest countries: 1970s: period of economic instability increased conditionality on loans. Had to agree to these policies in order to get loans. The world as an international free trade system. The right to invest in other countries countries that have no labour and environmental standards.
