in a Global Business Environment Questions and
Answers (Verified Answer) | New Update 2026
Worst Forms of Child Labour Convention - 1999 - ANSWERS Convention (1999)
that aimed to eliminate all practices of child slavery or those similar to slavery
- trade and transactions
- capital and investment movements
- the migration and movement of people
- the dissemination of knowledge - ANSWERS What four fundamental aspects
of globalization were identified by the IMF in 2000?
global warming, cross-boundary water and air pollution, and overfishing in the
ocean - ANSWERS What environmental challenges are linked with
globalization?
economic, cultural, and political - ANSWERS What are the three main areas of
globalization?
CAGE analysis
Culture, Administration, Geography, Economics - ANSWERS How would you
study the barriers to cross-border economic activity?
, The IMF helps maintain liquidity of global funding by providing a straight-forward
method for nations to borrow and loan to each other through a mechanism called
the special drawing right. - ANSWERS What are the major functions of the
IMF?
The conditions put on the loan require the recipient country to have a policy of
austerity. This policy, which usually results in a cut in funding for social programs,
can have a significant effect on citizens who are living in poverty, according to
critics of the IMF.
Other criticisms of the IMF address a lack of representation by the global south
and an overrepresentation by the United States. - ANSWERS What are some
criticisms of the IMF?
- three priorities: helping build sustainable economic growth, investing in people,
and building resilience to shocks and threats.
- two goals: end extreme poverty, improve the income of the lowest 40% of
citizens in each country. - ANSWERS What are the priorities and goals of the
World Bank?
- the hegemony or power imbalance in the leadership of both organizations.
- enforced conditionality, or structural reforms causing harm, not help to
developing countries.
- the World Bank's support for privatization in general and specifically in the
health sector.
- not considering how funding projects will adversely affect the environment.
- emerging markets, particularly China, frustrated with their lack of influence in
the World Bank. - ANSWERS What are some criticisms of the World Bank?