Global Banking and Finance Lesson 2 Activities
Global Banking Lesson 2 Hook

Time: 10 minutes
Skills: Holistic Thinking
Objectives 4
Related Resources:
- Carrasco, Enrique R. and Wendt, Nicole and Weidner, Maria. 50th Anniversary of the World Bank and IMF Prompts Criticisms. (n.d.)  The University of Iowa Center for International Finance and Development. Retrieved from: http://blogs.law.uiowa.edu/ebook/uicifd-ebook/part-2-ii-50th-anniversary-world-bank-and-imf-prompts-criticisms
- IMF, World Bank Enslave Humanity (2011, June 20). Retrieved from: http://www.youtube.com/watch?v=j1Qht7Hjm3s&feature=related 
- New World Bank Strategy Makes Green Essential Part of Growth (2012, June 4). Retrieved from: http://www.youtube.com/watch?v=Jvd5mFbL6Ok

The instructor shows two contradictory films, one pro and one con on the World Bank and IMF to get students interested in the topic.  If students have questions after watch the negative film, the Carrasco et. al article provides an excellent, fact-based analysis of various criticisms.

After the showing the videos, make sure the students are critical consumer of media. Ask them about the producer’s bias and use of facts to back the arguments.

Global Banking Lesson 2 Introduction to the IFIs

Time: 40 minutes
Skills: Holistic Thinking
Objectives 1&4
Related Resources:
- Carrasco, Enrique R. and Wendt, Nicole and Weidner, Maria. 50th Anniversary of the World Bank and IMF Prompts Criticisms. (n.d.) The University of Iowa Center for International Finance and Development. Retrieved from: http://blogs.law.uiowa.edu/ebook/uicifd-ebook/part-2-ii-50th-anniversary-world-bank-and-imf-prompts-criticisms
- The IMF and the World Bank. (n.d.). Globalization101. Retrieved from: http://www.globalization101.org/issue_main/imfworldbank [The Globalization101 Issue is suitable for this unit. It covers the relevant issues and is well-maintained and current.] Skip the section entitled governance. 
- Boughton, James. (March 2009). A New Bretton Woods? Finance and Development, pp. 44-46. Retrieved from: http://www.imf.org/external/pubs/ft/fandd/2009/03/boughton.htm
- Offner, Amy and Sturr, Chris and Reuss, Alejandro (ed.) (2004). Real World Globalization, Dollar and Sense, 8th edition, pp. 71-76
- Tackling Current Challenges. (n.d.). IMF. Retrieved from: http://www.imf.org/external/about/onagenda.htm.

The instructor introduces the role of the World Bank and the IMF.

Discussion Questions:

1)      Why were the World Bank and IMF founded?

2)      What are their main objectives?

3)      Who are the main beneficiaries of the World Bank and the IMF, who does not benefit from them?

4)      Who is in charge and what is the voting system?

5)      What is the process of getting loans from them, etc?

6)      What do the World Bank and IMF have in common? How do they differ?

7)      How does the work of the World Bank or IMF impact  the environment, economic development, democratic movement, and global public health?

8)      Why are the World Bank and IMF so controversial?

*Please note that more time can be taken just introducing these two organizations. In fact a whole class could easily be dedicated to each institution. If the instructor feels pressed for time, than her or she should address only one of these institutions during the lesson.

Global Banking Lesson 2 Ethical Issue Activity World Bank Reform

Time: 40 minutes
Skills: Holistic Thinking and Cross-Cultural Communications and Technology skills
Objectives 1, 3 &4
Related Resources: n/a

Divide students into three groups. One group would represent the IMF or World Bank officials, the second group the rich countries, the third group the developing countries. Each group should create a short presentation outlining the necessary steps to reform the IMF or World Bank.

Each group should research the reform process online and then decide and agree upon how this reform should be enacted. After all groups present their ideas, students must write a short 1-page reflection about how their assigned role would respond to one of the two other reform proposals and why.

* Please note this is an advanced activity for classes that are already familiar with the World Bank and IMF and can be done instead of the Introduction to the IFIs activity.

Global Banking Lesson 2 Class Reflection

Time: 10 minutes
Skills: n/a
Objective 4
Related Resources: n/a

The instructor asks the students about their own opinions of the World Bank and IMF? Are these institutions still necessary? What would happen if we got rid of these institutions? How would that decision impact rich countries (like the U.S.), middle income countries (like Brazil and China), and poor countries (like Malawi)?