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The Global Economy - The World Bank (1 Viewer)
- Thread starter Joshmosh2
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swagmeister
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- Oct 4, 2014
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- HSC
- 2015
The World Bank is an organisation focused on granting loans to developing countries. Its aim is to reduce poverty and encourage development within these countries.
So first off, it has the potential to increase the amount of globalisation because as developing economies grow they are often able to shift away from a large focus on agriculture and slowly be more internationally competitive, increasing their exports. Also, by donating funds to things such as Ebola Doctors recently, countries will be able to recover from these things sooner meaning they can resume things such as international migration which is a big part of globalisation. As the economy grows, it is likely to attract more FDI (Foreign Direct Investment). The increase in FDI will likely lead to some firms becoming TNC's and an increase of imports and exports around the world from that country. FDI will also bring technologies and ideas to the country.
Basically, focus on the fact that by encouraging economic development within developing countries (e.g. in Africa) these countries will end up having a bigger role in globalisation worldwide and will also be more influenced by it.
Hope this helps
So first off, it has the potential to increase the amount of globalisation because as developing economies grow they are often able to shift away from a large focus on agriculture and slowly be more internationally competitive, increasing their exports. Also, by donating funds to things such as Ebola Doctors recently, countries will be able to recover from these things sooner meaning they can resume things such as international migration which is a big part of globalisation. As the economy grows, it is likely to attract more FDI (Foreign Direct Investment). The increase in FDI will likely lead to some firms becoming TNC's and an increase of imports and exports around the world from that country. FDI will also bring technologies and ideas to the country.
Basically, focus on the fact that by encouraging economic development within developing countries (e.g. in Africa) these countries will end up having a bigger role in globalisation worldwide and will also be more influenced by it.
Hope this helps