ORGS #8 - WTO world Trade Organization Not a trade block Not a business or business agreement Judge trade disputes Have a superstructure in place Has

ORGS #8 - WTO world Trade Organization Not a trade block...

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WTO: world Trade Organization Not a trade block. Not a business or business agreement Judge trade disputes. Have a superstructure in place. Has 153 members; that helps facilitate/ overseas trade agreements. Often protested. Why? Seen as a force of globalization→ Anti-globalization perspectives. IMF International Monetary Fund and World Bank Created just after WWII. Are FOR PROFIT businesses. Banks that lend money that want money back with interest. Members are countries that started these 2 banks. Have a superstructure in rules and regulations. Unique because their not a trabe block; OPEC, or WTO; they lend money for very specific purposes. The countries have the most pull; and make the money; are the classically the riches. G7 and G* created IMF and World Bank US UK France Germany Russia Decide; how much money is lent; to who, at what interest rate, who makes the most profit . International Monetary Fund: Lends money to governments of states to stabilize economies and currencies. Ex. Government is about to go bankrupted; the IMF will lend you money to save yo ass. “International Credit Card” World Bank Mission Eradicate poverty Lends money for specific projects Build school Vaccination programs Build hydroelectric dam. Lends money with the expectation of getting it back with interest. Why is the IMP Maligned? 1) the IMF & World Bank have lots of leverage to make states pay them back.
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  • Spring '08
  • SXiao
  • Nuclear weapon, International Atomic Energy Agency, Nuclear Non-Proliferation Treaty

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