Which of the following is a basic criticism of global financial institutions?
A) They failed to focus on the aim of reducing inequalities between the rich and the 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.

Question

Quizplus · Accepted Answer

The basic complaint against the WTO, IMF, and others is the amalgam of unintended consequences of globalization: environmental concerns, worker exploitation and domestic job losses, cultural extinction, higher oil prices, and diminished sovereignty of nations.

Which of the Following Is a Basic Criticism of Global