What Is a Basic Criticism of Global Financial Institutions

question 66

Multiple Choice

What is a basic criticism of global financial institutions?

• A) They failed to focus on the aim of reducing inequalities between rich and poor countries.
• B) They failed to help the Asian countries substantially when they underwent a major financial crisis in the 1990s.
• C) They failed to respect the autonomy of member nations by deeming any bilateral agreements between members as illegal if made without their approval.
• D) They failed to foresee and counter the unintended effects of globalization like pollution, exploitation, and cultural extinction.
• E) They failed to suppress the terrorists who were responsible for the attack in London that coincided with the G8 summit.

Understand the taxation and liability structure for different types of business entities.

Recognize the process and requirements for a business operating in multiple states.

Comprehend the components and legal implications of franchising.

Identify the responsibilities and liabilities of partners in a partnership.

---

Definitions:

Structural Racism

A form of racism that is embedded as normal practice within society or an organization, leading to discrimination and inequalities in various aspects of life.

Federal Government

The national government of a country, responsible for governing at a level above state and local governments, dealing with national policies and overarching laws.

Provincial/Territorial Systems

The organizational and administrative structures specific to provinces or territories, often relating to governance or service delivery.

Settler Ally

A person from a colonizing or settler background who supports the rights and struggles of Indigenous peoples.