o Form of globalization IMFWorld Bank International Monetary FundWorld Bank

O form of globalization imfworld bank international

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oForm of globalizationIMF/World BankInternational Monetary Fund/World BankCreated afer WWIIConceived as under the umbrella of the UNFor profit businessLend money and want money back with interestRun like a business entityNot like a trade block or OPECLend money for specific purposesCountries that have the most pull are the richest countries that have the most money to put in the banksG7 and G8 states created IMF and World BankoRichest and put the most money to put in the bankoUSoUKoFranceoGermanyoRussiaoHave the most voice and who the money is lent to and how much profit is madeIMFoLends money to governments to stabilize economies and currenciesoLike a credit cardWorld BankoEradicate povertyoLend money for specific projectsStart a chain of schoolsDisease eradication programsVaccination programsBuild hydroelectric dams to increase energyAusterity measuresWhy is the IMP maligned?oIMF and World Bank have lots of leverage to make states pay them backSome states refuse to pay back moneyoIMF sometimes lent money to corrupt leaders Mobutu Sese Seko: President of the Democratic Republic of the Congo1965-1997What’s changing?oNon-western powers getting more voice in IMF and World BankChinaVietnam
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IndiaIndonesiaNuke GroupNuclear GroupoCountries with or working toward nuclear weaponsDeclared nuclear power and member of NPToUS (second most)oRussia (most)oUKoFrance oChinaoUN P5- permanent security councilDeclared nuclear power, not NPT memberoIndiaoPakistanNon-declared nuclear power, not NPT memberoIsraeloUS and team west encourages to keep silentEveryone is petrified if Israel has nuclear weapons that it would terrify theother countries in the middle eastArms race in middle eastNon-declared, non-proven, non-sane???oNorth KoreaGet attention and tell people that they have nuclear weapons, but they don’t??US and Russia have 80-90% of all nuclear weapons on the planetoProduct of the cold warNPToNuclear Non-Proliferation Treatyo1970built to limit the spread or proliferation of nuclear weaponsoFinland and Ireland that proposed NPT through UNo189 countries have signedUN P5 signed NPT because they have something the whole world doesn’tMore powerfuloNPT is a three-pillar systemNon-proliferationAll signatories of the treaty promise to NOT oSell nuclear weaponsoGive nuclear weaponsoGive away nuclear weapons technology/information
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oStop the spreadDisarmamentPowers that already have nuclear weapons should work towards getting rid of the weapons that they haveGetting rid of some of themDecreasing slowlyThe right to peacefully use nuclear [energy] technologyPromise to never create a nuclear weapon, but have the ability to get the information to create a nuclear energyoIran IAEAo
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