Q&A
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Belbin Team Roles are used to identify people's behavioral strengths and weaknesses in the
workplace. Belbin Team Roles measure behavior, not personality, and so can be defined as:A
tendency to behave, contribute and interrelate with others in a particular way.
What were the major outcomes of the Bretton Woods conference?
1.It established the U.S. dollar as the global currency2.Taking the world off of the gold standard.
3.It created the World Bank and theInternational Monetary Fund (IMF) as the two global
organizations to help monitor the new system. 4.In effect, since the U.S. was the only country
with the ability to print dollars, it established America as the major power behind these two
organizations, and the global economy.
How did the Atlantic Charter exercise a great influence on the Bretton Woods Agreement?
The Atlantic Charter affirmed the right of all nations to equal access to trade and raw materials.
Moreover, the charter called for freedom of the seas (a principal U.S. foreign policy aim since
France and Britain had first threatened U.S. shipping in the 1790s), the disarmament of
aggressors, and the "establishment of a wider and more permanent system of general security.”
Help the worldwide economic co-operate in order and opened the multi-national markets.Prior
to Bretton Woods, the world had followed the gold standard. In this case , America held
three-fourths of the world's supply of gold. Since that each member agreed to redeem its
currency for dollars, not gold. What are the major functions of IBRD, IFC, IDA, MIGA, ICSID in
the the World Bank Group?
The IBRD aims to reduce poverty in middle-income and creditworthy poorer countries.The IFC
offers investment, advisory, and asset management services to encourage private sector
developmentin developing countries. The IDA focuses on supporting the world's poorest
countries.
The MIGA offers political risk insurance and credit enhancement guarantees.The ICSID is an
international arbitrationinstitution which facilitates legal dispute resolution and conciliation
between international investors.
What are the operational or fuctional differences between the IMF and IBRD?
The IMF working to foster global monetary cooperation, secure financial stability, facilitate
international trade, promote high employment and sustainable economic growth, and reduce
poverty around the world. The IMF has its reserve to lend countries to steady the currency in
short time .The IBRD is kind of bank , it works like a investment bank and use the profit to to
reduce poverty in middle-income and creditworthy poorer countries.
