Global Governance: Political and Economic

What Global Governance: Political and Economic covers

Covers the institutions through which states manage common problems: the United Nations and NATO, the IMF, World Bank and WTO, the theories of development that underpin them, and the criticisms of how they handle poverty.

The 5 subtopics

Each one has its own page.

• Key institutions and terms in global governanceRecall questions on the main global bodies, structural adjustment programmes, the North-South divide and dependency theory.Open →
• The United Nations: structure, strengths and weaknessesRecall questions on the founding of the UN, the Security Council, General Assembly, ECOSOC and ICJ, and the strengths and weaknesses of each.Open →
• NATO and the IMF: mandate, strengths and criticismsRecall questions on NATO’s founding, Article 5 and post-Cold War role, and on the lending, strengths and criticisms of the IMF and the World Bank.Open →
• The WTO, the G7/G20 and theories of developmentRecall questions on the strengths and weaknesses of the WTO and the G7, G8 and G20, world-systems theory, orthodox and alternative measures of poverty, and classical, structuralist and neo-classical theories of development.Open →
• Poverty, the critique of economic governance, and NGOsRecall questions on why the veto blocks Security Council action, why the IMF and World Bank are criticised over poverty, and on the role and limits of NGOs.Open →

What you need to know

Answer each one before you reveal it.

Take Global Governance: Political and Economic further

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Commonly confused

Pairs that lose marks when they are blurred together.

• The International Monetary Fund vs The World Bank

  The International Monetary Fund: a body lending to states in balance-of-payments crisis on conditions of policy reform. The World Bank: a body lending for long-term development projects in infrastructure, health and education.

• Dependency theory vs Classical economic development theory

  Dependency theory: the account in which poor states are kept poor by their subordinate role in the world economy. Classical economic development theory: the argument that all countries progress through similar stages of economic growth, with free markets and trade driving development.

• The Security Council vs The General Assembly

  The Security Council: the organ responsible for peace and security, whose five permanent members hold a veto. The General Assembly: the organ in which every member state has one vote and whose resolutions are not binding.

Questions from this topic

Each one with the model answer underneath.

1. 1

   What are NGOs and what types of global issues do they address?

   Model answer

   NGOs (Non-Governmental Organisations) are non-state actors that operate independently of governments to address global issues such as poverty, human rights, conflict and the environment.

2. 2

   What are Structural Adjustment Programmes (SAPs) and which institutions impose them?

   Model answer

   SAPs are economic policies imposed by the IMF and World Bank on borrowing countries, typically requiring market liberalisation, privatisation, reduced government spending and trade liberalisation as conditions for loans.

3. 3

   What is the primary responsibility of the UN Security Council and what powers does it hold?

   Model answer

   The UN Security Council has primary responsibility for maintaining international peace and security, with the power to authorise military action and impose sanctions.

4. 4

   What is NATO and what was its original purpose?

   Model answer

   NATO (North Atlantic Treaty Organisation) is a military alliance originally formed for collective defence against the Soviet Union during the Cold War.

5. 5

   What is the IMF and what is its main function?

   Model answer

   The International Monetary Fund (IMF) is an international financial institution that provides loans to countries experiencing balance of payments problems and promotes global monetary cooperation.

6. 6

   What is the World Bank and what type of assistance does it provide?

   Model answer

   The World Bank is an international financial institution that provides loans and grants to developing countries for capital projects aimed at reducing poverty.

What is inside Levo

Six ways to work the same material.

Global Governance: Political and Economic revision questions

What does Global Governance: Political and Economic cover in Edexcel A-Level Politics?

5 subtopics: key institutions and terms in global governance, the united nations: structure, strengths and weaknesses, nato and the imf: mandate, strengths and criticisms, the wto, the g7/g20 and theories of development and poverty, the critique of economic governance, and ngos. Each one has its own page with questions and model answers.

How is Global Governance: Political and Economic organised?

By the Edexcel 9PL0 specification, subtopic by subtopic, so it matches the order you are taught it in.