Explain How the "Three Sisters"-The IMF,WTO,and World Bank-Have a Hand

question 30

Essay

Explain how the "three sisters"-the IMF,WTO,and World Bank-have a hand in globalization.Do you think that their power is applied equally to all countries in the world?

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Definitions:

Collectivism

A social and economic ideology that emphasizes the priority of group goals over individual goals and the importance of cohesion within social groups.

High-context Cultures

Cultures where communication is highly reliant on contextual cues such as body language, status, and tone of voice, rather than explicit words.

Cultural Differences

Variations in the customs, values, norms, and social practices among people from different backgrounds or societies.

Cultural Differences

Variations in the practices, beliefs, and values of different societies, which can affect communication, work styles, and business practices in a global context.