Bachelor of General Studies (BGS) Degree Practice Exam

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Representation on the World Bank's board of directors is primarily based on what factor?

The population size of the member nation
The political influence of the member nation
The size of the member nation's economy
The length of time the member nation has been a member

The correct answer is: The size of the member nation's economy

The representation on the World Bank's board of directors is primarily based on the size of the member nation's economy. This approach aligns with the principle that member countries contribute financially to the World Bank's resources, influencing their voting power and representation. The larger the economy of a member nation, the more financial contributions it can make, which directly correlates to the amount of influence it has within the institution. This structure aims to ensure that the countries that have a greater stake in the financial health and governance of the World Bank have a more significant say in decision-making processes. As such, the allocation of voting power and representation on the board reflects the economic weight of each member, which is crucial for the World Bank’s operations focused on global economic development and poverty reduction. Other factors such as population size, political influence, or the duration of membership are not primary determinants in the representation system, making this answer accurate and reflective of the institution's operational framework.