Read the statements carefully and identify the new international acto…

Read the statements carefully and identify the new international actors referred to in it.

A. It was created during Second World War. It focuses on developing countries by providing loans and grants to member countries. It exercises enormous influence on the economic policies of developing countries.

B. It sets the rule for global trade. It was set up as a successor to the General Agreement on Trade and Tariffs created after the Second World War. Developing countries often complain of non-transparent procedures and being pushed around by big pauses.

Answer & explanation

Correct answer: option 3

The correct answer is Option 3 - World Bank and WTO

Given statements:;

The statements A and B best describe the WORLD BANK and the WTO respectively.

The World Bank was created during the Second World War in 1944. Its activities are focused on the developing countries. It works for human development (education, health), agriculture and rural development (irrigation, rural services), environmental protection (pollution reduction, establishing and enforcing regulations), infrastructure (roads, urban regeneration, electricity) and governance (anti-corruption, development of legal institutions).

The World Trade Organisation (WTO) is an international organisation which sets the rules for global trade. This organisation was set up in 1995 as the successor to the General Agreement on Trade and Tariffs (GATT) created after the Second World War. It has 164 members (as on 29 July 2016).