Ch52 Relationship btw countries at different levels of develop

Front

What is tied aid?

Back

Tied aid is international aid with conditions attached by the donor.

Front

What is untied aid?

Back

Untied aid is given without conditions.

Front

What is bilateral aid?

Back

Bilateral aid is given by one country to another country.

Front

What is multilateral aid?

Back

Multilateral aid is given by international organizations to a country or group of countries.

Front

Why might a country give international aid?

Back

Reasons include low GNI per head, humanitarian purposes, influencing economic policies, increasing demand for exports, and political reasons.

Front

What is a multinational company (MNC)?

Back

An MNC is a business that operates in more than one country.

Front

What are the operations of MNCs?

Back

MNCs have global operations in manufacturing, retailing, mining, and oil and gas production.

Front

What is foreign direct investment (FDI)?

Back

FDI is investment by an MNC in a country other than where the MNC is based.

Front

What are the aims of the International Monetary Fund (IMF)?

Back

The IMF aims to promote international monetary cooperation, facilitate international trade, provide exchange rate stability, assist in setting up multinational payments systems, and make resources available for members experiencing balance of payments difficulties.

Front

What are the aims of the World Bank?

Back

The World Bank aims to provide support for internal investment projects, improve infrastructure, and construct new healthcare facilities.