The Role Of Global Instituations

 

 

The World Trade Organization (WTO) deals with the rules of trade between countries. Its main function is to ensure that trade flows as freely as possible. They are often called in to deal with disputes between countries that have previously made trade agreements. The goal is to help producers of goods and services, exporters, and importers conduct their business without exploitation.

International monetary fund (IMF) The International Monetary Fund (IMF) is an organisation of 188 countries, working to raise global monetary (money) cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. It does this through keeping track of the global economy and the member countries, lending to countries with payment difficulties and giving practical help to members.

Transnational corporations (TNC) A company with its headquarters in one country owns factories in one or more other countries and sells its products globally. The main priorities of a TNC are profit driven. They are always looking for the highest profit margins. This often means their factories are in LEDC’s to make the most of low wages and often have headquarters in MEDC’s.

World Bank The World Bank is a financial institution which provides loans to developing countries for capital programs (money making). Its official goal is the reduction of poverty, with all its decisions being guided through a commitment to the promotion of foreign investment and international trade, as well as the facilitation of capital investment.

United Nations Through UN efforts, governments have concluded many multilateral agreements that make the world a safer, healthier place with greater opportunity and justice for all of us. This comprehensive body of international law, including human rights law, is one of the UN's great achievements. It has close links with UNESCO, WHO, UNICEF, FAO.

 

1. How is the world more interconnected? The world is more inteconnected by he use of internet, travel and trade.
2. What has created a 'global village'? the comunications and how much they have strengthened over the years and also search enginges such as google.
3. What has happened to transport to help globalisation? It has developed more and become moe interconnected.
4. How does it help countries? It links them.
5. Who benefits the most from TNC's? MEDC

FAO -