Discuss the purpose of each of these organizations: the World Trade Organization, World Bank, and International Monetary Fund.
What will be an ideal response?
The WTO (World Trade Organization) is designed to monitor and enforce trade agreements. The WTO is the world forum for trade negotiations, and it has the formal legal structure for resolving disputes in that area.
The World Bank provides low-interest loans to developing countries for improving their infrastructure, including transportation, education, health, and telecommunications. Some of its loans have been controversial; critics point out that the World Bank has financed projects that could damage the ecosystem, and that the World Bank has supported countries that permit low-paying sweatshops or that suppress religious freedom.
The IMF (International Monetary Fund) assists in the flow of money between nations, and operates as a last-resort lender that makes short-term loans to countries in financial difficulties. In recent years, the IMF has loaned money to Greece, Portugal, and Ireland. It has also become more concerned with addressing income inequality, which has worsened in most countries in the past three decades.
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Indicate whether the statement is true or false
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A) 200 B) 100 C) 500 D) 300 E) 400
Managers in global organizations recognize that some motivators are universal; that is, they work no matter what the culture. Other motivators differ by culture. Which of the following is not a universal motivator?
A. interesting work B. growth C. pay D. achievement E. participation