IGCSE Development Studies: Specimen Questions with Answers 68 - 70 of 98

Question 68

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Who is the decision maker at World Bank and IMF?

Explanation

Through the vote of the board of executive directors decisions are taken at IMF and World Bank, which represents the vote of the member nations. The voting power of the member nations is determined by the financial contribution of each country.

U. S has the highest number of votes with G-7 countries; it also has the veto power due to its huge scale of contribution. Whereas, on the other hand other nations have very less power in deciding the programs and policies. US being a powerful member of the World Bank and IMF have its person as the president of the World Bank.

Question 69

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Does debt of the poorest nation be cancelled?

Explanation

A Debt Reduction of the Poorest Nation Will Lead To

  • Availability of resources.
  • Investors confidence in the nation
  • It will contribute to reduction in poverty.
  • Debt relief would not divert funds of the poor nation to other purposes.
  • It would generate internal debt flows instead of recycling of money from different organization to the poorest nation.

Passage

Human Rights

Question 70 (1 of 7 Based on Passage)

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How international co-operation helps in solving global issues?

Explanation

International cooperation is defined as all countries working together to tackle the global issues and accomplish the mission and vision of the countries. Poverty, war, diseases, environmental concerns and so forth are some of the major missions and issues of the international cooperation. It requires a great amount of support and effort from all the countries as all of them are confronting with the similar issues. Global cooperation offers employment opportunities to the developing countries by cooperating with the developed countries. It helps the countries in fighting together with various illness and diseases, and it also improves the lifestyle of the people by creating a system of fair trade.

Some of the global issues are:

  • Ageing- No. of persons of age 60 or above is increasing substantially in the recent time period in most of the countries.
  • AIDS- AIDS related deaths have seen a peak in the recent years.
  • Atomic energy for electricity generation
  • Children in most of the nations are deprived of right to health, education, and protection.
  • Climate crisis and clean energy.

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