CULTURAL ENVIRONMENT OF INTERNATIONAL BUSINESS; IB5014-5*Must be written in your own words/ APA Format/Style*No copy & Paste*No Plagiarized*Must be referenced as APA Format/Style*Must read and Follow Assignment InstructionsIB5014-8 > International Environment > Week 5Week: 5Introduction:Bretton Woods InstitutionsYou will become familiarized with the Bretton Woods Institutions. You will learn about their purpose and background as wellas the background of a number of other institutions including the International Bank for Reconstruction and Development,International Finance Corporation, Multilateral Investment Guarantee Agency, and the International Monetary Fund.Review the resources listed in the Books and Resources area below to prepare for this week’s assignment(s).Books and Resources for this Week:BooksReferenceGriffin, R. W., & Pustay, M. W. (2015) International businessInstructionRead Chapter 7:, A., & Koch, M. (2013). Read articledirect=true&db=bth&AN=93298751&site=eds-liveOm, J. (2013). Review articledirect=true&db=bth&AN=89556689&site=eds-liveInstruction*************************************************************************************ASSIGNMENT INSTRUCTIONS:*Must be written in your own words/ APA Format/Style*No copy & Paste*No Plagiarized*Must be referenced as APA Format/Style*Must read and Follow Assignment InstructionsIB5014-8 > International Environment > Week 5 > Describe the Purpose of Bretton Woods Institutions(Graded, Required)Week 5 Assignment: Describe the Purpose of Bretton Woods InstitutionsActivity DescriptionThe Bretton Woods institutions were created in the aftermath of World War II. Many believe they are obsolete or arein need of massive redesign. The way forward must reference the road that has been traveled so far. Address thefollowing points in a paper:1. What is the background and purpose of Bretton Woods, International Bank for Reconstruction andDevelopment (IBRD), International Finance Corporation (IFC), Multilateral Investment Guarantee Agency(MIGA), and International Monetary Fund (IMF)?2. This narrative should also answer the question “which of these entities might help a country with itsbalance of payments versus help with funding to rebuild roads (i.e. after a tsunami)”.Support your paper with a minimum of three (3) external resources In addition to these specified resources, otherappropriate scholarly resources, including older articles, may be included.Length: 5-7 pages not including title and reference pagesYour paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course andprovide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing andcurrent APA standards. Be sure to adhere to Northcentral University’s Academic Integrity Policy.Upload your assignment using the Upload Assignment button.Learning Outcomes4.0 Appraise the effectiveness of the Bretton Woods institutions in assisting nations with financial support anddisaster recovery.

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