Global Classrooms Week 8 COUNTRY OF THE DAY What country is this? This country joined the EU in July In 1991, this country declared independence from the communist state of Yugoslavia. There are more than 1000 islands in this country which borders the Adriatic Sea. Religion is a powerful symbol of national identity here, with almost all citizens identifying as Roman Catholic. International Womens Day, March 8, is popularly observed. Goals for the week 1st Class: Finish debate, discuss resolutions 2nd Class: Intro to topic, country and group assignments Goals for the day Resolutions Return to your groups. Read over each other's resolutions, and choose the one that you think is best Make any necessary edits to this resolution Your team will come up to the front of the class to present the resolution. Other delegations may ask a question, called a point of information regarding the resolution If there are any suggested changes or amendments, other delegations may suggest them Finally, we will vote on each resolution. More than one resolution can pass! The first resolution up for debate is... Are there any points of information (questions)? Are there any suggested amendments (changes)? The second resolution up for debate is... Are there any points of information (questions)? Are there any suggested amendments (changes)? The third resolution up for debate is... Are there any points of information (questions)? Are there any suggested amendments (changes)? The fourth resolution up for debate is... Are there any points of information (questions)? Are there any suggested amendments (changes)? VOTING Resolution 1 Resolution 2 Resolution 3 more? Lets hear from a GC alum! https://drive.google.com/file/d/0B0ewks4RR9FvdExZSEVxMmFOTXk2NUhpei1jR0c1WX cwbWtZ/view COUNTRY OF THE DAY What country is this? Buddhism is the country's main religion it is practiced by 95 per cent of the population. This is the only country in southeast Asia that hasnt been colonised by Europeans. The full ceremonial name of this countrys capital is the longest capital name in the world with 169 letters. Krungthepmahanakhon Amonrattanakosin Mahintharayutthaya Mahadilokphop Noppharatratchathaniburirom Udomratchaniwetmahasathan Amonphimanawatansathit Sakkathattiyawitsanukamprasit This country has a population of 67 million people, making it the worlds 20th most populous country. TOPIC INTRODUCTION THE IMF (INTERNATIONAL MONETARY FUND) DEBT FORGIVENESS LOAN REFORM THIS YEARS TOPIC... IMF!! The International Monetary Fund Global Classrooms: Introduction! The International Monetary Fund What do you know about the IMF? International Monetary Fund The IMF is a financial institution (it deals with money and international economics) Today the IMF has 188 member countries Origins of the IMF The IMF was formed in 1944, at the end of WWII It formed to help rebuild and re- stabilize countries and economies after the Wars destruction IMFs main goals and purposes promoting the expansion of world trade promoting the stability of exchange rates helping countries correct balance of payments problems How does the IMF work towards those goals? Basically, the IMF allows developed countries to loan money to developing countries. This money is used to stabilize economies, build roads and schools, and invest in their people. Why would a country borrow money? B.O.P. Problems Example Egypts uprisings and regime changes decrease in tourism more need for defense spending (military and police) Solutions? Take out a loan from the IMF Conditionality When developed countries tell developing countries what to do. Conditionality When developed countries tell developing countries what to do. Goals: promote private investment, promote job creation, stabilize economy Conditionality Problems Sometimes unpopular Sometimes almost impossible to fulfill Example: Tunisia- IMF mandated that the government raises taxes on certain goods Criticism of the IMF: Conditionality What if you cant pay? obligated to default or borrow more money Many of the poorest countries are now facing crippling debt. Cycle of debt and repayment cant develop economy and country Criticism of the IMF: Huge Debt Burden Loan Forgiveness? Example: Germany and Greece You can apply for loan forgiveness, but it is very difficult to get must meet very strict targets reforms, and proven economic growth Voting in the IMF Members vote on decisions Voting is weighted (the more money you put in, the more voting power you have) Unfair to the poorer, developing countries.Why?! The purpose of the conference The IMF is very important and can potentially help development But MUST address these problems or it will lose credibility and global support Topics of Debate: Conditionality: Loan Forgiveness: Voting Reform: When developed countries tell developing countries what to do. to break the cycle of debt and poverty to make decision-making more fair Think. Pair. Share. Why is the IMF important? Why is each of these issues controversial? Voting Loan Forgiveness Conditionality The Debt Crisis in Europe https://www.youtube.com/watch?v=j4_tyEl84IQ Questions for Discussion What do you know about the crisis in Spain? Have you personally been affected by the crisis? In what ways? Who do you think has been most affected? What do your parents think about Spains current situation? What are the potential solutions to the current problem? 3G Croatia Naila Juan Fernando Miguel Angel Toms Myriam Thailand Patrick Antonio Patricia Manuel Magdelena China Laura Marcos Martina Diego Rosana Sudan Kunal Lola Raquel Jose Angel Aurora Afghanistan Marta Carlota Salma Maria 3F Croatia Isabel Carla Lucia P. Santiago Jimena Juan R. Thailand Lucia G. Ainhoa Eric Laura M. Jorge Marcos China Julia Manuel Mark Lucia C. Diego Martin Sudan Juan L. Ivn C. Kiara Marina Miriam Marta Alba M. Afghanistan Paloma Susana Alba G. Laura H. Alvaro Ivn O. Homework Getting to Know Your Country Worksheet with assigned country! Read the Global Classrooms Packet on the IMF Highlight unknown words Come up with 3 facts about the IMF