Name : VALE, ADRIAN EMMANUEL D.

Section Code: CEAT-01-102P

Date: NOVEMBER 10,2020/ 4:59PM

Test II. Answer the following question (10) points each

1. What are the differences between the international Monetary Fund to the
World bank in supporting the developing countries? (Give examples)

2. What are the effects of Globalization on governments in the Global

Interstate System?

3. ( give examples)

4. How can the World Health organization help the different countries in
this COVID 19 pandemic? ( give examples)
ANSWERS:

1. As an architecture student the differences between International Monetary Fund or

IMF and World Bank / WB in supporting developing countries are, the International
Monetary Fund or IMF focuses mainly in monetary stability around the world. It
wanted to control the money in every nation, The country that are members of the
International Monetary Fund or IMF work together to supervise global monetary
cooperation as well as secure financial stability, facilitate the trades internationally
and also promote employment and the continuous growth of a developing country. As
for additional purpose of International Monetary Fund it aims to reduce poverty and
starvation.

In my views the International Monetary Fund also gives practical assistance to the
members by providing policymakers to help plan fiscal policies and also subjects like
tax legislation with the aid of the analysis in the current economy.

And for the World Bank is generally about a long term economic development. I
mean, a more systematic and hands on technical and financial support. They are the
one who help the developing countries by the use of various loans and also helps in
specific projects like health centers, hospitals, schools and development of waterways
and proper electricity distributions and development towards the poor countries like
our country, Philippines.

2. The effects of Globalization to the government in connection to the Global

Interstate System are a more competitive commodity economy and also provides a
better relationship between neighboring countries. It also gave a lot of opportunities
when it comes to employment, health awareness and products and services
availability.

3. For me, the examples are:

 The government is able to conduct a thorough supervision to the goods and

services to be given/ shared to other countries.
 The aid of giving a financial and technical assistance.
 And last creates countless of opportunities and development that are
beneficial to both party involved.

4. The World Health Organization helps the countries during this Pandemic by
accurate health advisories, technical and financial aid especially to the countries like
Philippines, Also provides fast distribution and medical supplies, equipments that are
necessary to the prevention of the Covid 19 disease. They also give smaller countries
assistance with less interests or no interest depending on the situation and capability
of a country.