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.
You've reached the end of your free preview.
Want to read all 5 pages?
- Spring '08
- Nuclear weapon, International Atomic Energy Agency, Nuclear Non-Proliferation Treaty