GS101 Lecture Notes - Lecture 9: Bretton Woods Conference, International Monetary Fund, International Development Association
Document Summary
Gs101 - lecture 9 - international economic organizations. Led by the usa and uk, 44 countries gathered to build framework for economic cooperation. Gives rise to economic international organizations that shape the world today. International bank for reconstruction and development (aka world bank), 1944. General agreement on tariffs and trade (gatt), 1947. Provide loans for reconstruction and development after wwii. Now, focused on long term economic development and poverty reduction. Aims to end extreme world poverty (less than . 90/day) and promote shared prosperity. Percentage of world population living below . 90/day. Does not tell us the relative poverty in countries (how rich are the rich in comparison to the poor) Less people living in extreme poverty but relative poverty within countries has increased. 188 member countries are like shareholders in the bank. 5 largest shareholders appoint the executive director. Ibrd and the international development association (ida) most well known. Not your typical bank, but more like a corporation with shares.
