Global Banking Lesson 2 Multilateral Institutions
  
 
 
 
Global Banking Lesson 2 Multilateral Institutions

Overview

The main focus of this lesson is the activities of the IMF and the World Bank and how they influence globalization. It begins with a description of the IMF and its activities and how can it help establish stability in the international financial markets. It then discusses the role of the World Bank and how it provides help in development to member countries. Next, it provides a critical analysis of the IMF and the World Bank.

Relevant Module Objectives

1 Explain basic concepts of global banking and finance.
3 Compare and contrast the current issues in global banking and finance from different perspectives.
4 Critically analyze the role of multilateral financial institutions in globalization.

Procedure

Possible Classroom Activities

  • Global Banking Lesson 2 Hook (0) The instructor shows two contradictory films, one pro and one con on the World Bank and IMF to get students interested in the topic.
  • Global Banking Lesson 2 Introduction to the IFIs (1) The instructor introduces the role of the World Bank and the IMF.
  • Global Banking Lesson 2 Ethical Issue Activity World Bank Reform (0) 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.
  • Global Banking Lesson 2 Class Reflection (0) 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)?

Resources

Background Readings for the Instructor

Optional Resources

 

 

Next: Global Banking Lesson 3: International Investment