In this chapter students learned about the various economic
systems used in the world todaycapitalism, socialism,
communism, and mixed systemsas well as the economic
problems that challenge the many developing nations of our
world. In this activity they will take a closer look at an
agency that seeks to encourage growth and development in these
emerging economiesthe World Bank.
Students will visit the World Bank Group's Web site to learn
more about the mission and activities of this organization.
After answering questions about the goals and membership of
the World Bank, students will create a chart comparing three
developing nations assisted by this agency.
- Students will be able to state the goals and purpose of
the World Bank.
- Students will be able to examine data and create a chart
based on this data.
Student Web Activity Answers
Go to Student Web Activity
- Its mission is to fight poverty, to help people help themselves
and their environment, and to be a quality institution with
a diverse and committed staff. It assists developing economies
financially and shares ideas to improve living standards
and eliminate the worst forms of poverty.
- There are 184 member countries. Each appoints a Governor
and an Alternate Governor to carry out its responsibilities.
The Governors meet each fall at the Bank's annual meeting
to decide on key policy issues, admit or suspend country
members, decide on changes in the authorized capital stock,
determine the distribution of the IBRD's net income, and
endorse financial statements and budgets.
- The World Bank looks for programs that show countries are committed to fight poverty and will focus on performance.
- Students' answers will vary.
- Students' charts will vary.