Orgs #8.docx - Orgs#8 WTO IMF World Bank Trifecta frequently in the news but still oddballs WTO \u2013 World Trade Organization o Are not a trade block or

Orgs #8.docx - Orgs#8 WTO IMF World Bank Trifecta...

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Orgs #8 WTO, IMF, & World Bank Trifecta frequently in the news but still oddballs. WTO – World Trade Organization o Are not a trade block or cartel o Not a business or business agreement o Association of countries 153 members that helps facilitate trade Oversees all of the trade agreements and blocks They can fine countries and settle disputes when countries violate agreements They get protested a lot o Why? Force of globalization People are anti-globalization Helping fat cats get richer Destroy and pillage the planet Pro-environment, college students, anti-fur etc. All countries either are in or want to be in the WTO IMF – International Monetary Fund and World Bank o Stated right after WWII o Inter governmental agencies under the umbrella of UN but are really businesses at this point still attached to UN but these are for profit. They lend money but they want it back and they want it back with interest Countries have started the banks not individuals They have rules and regulations with super structure Not a trade block or a cartel or the WTO who oversees Members are usually in WTO Countries who are richest have the most to lend and make the most G-7 and G-8 put the money in to make o USA o UK o Japan o Russia o France o Italy Have the most voice about how it will be run and who will get the money they lend IMF o Lends money to govts to stabilize economies and currencies Holy crap we don’t have enough money to pay govt employees this year
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The IMF will loan you the money to save you Like an international credit card World Bank o Eradicate poverty – main goal o Lends money for specific projects Chain of schools Vaccination programs Disease eradication Hydroelectric damn o They want the money back with interest Get protested or look really bad a whole lot o Poor countries and college students hate the world bank and IMF The IMF has a lot of leverage to make sure they get their money back. If you use the credit card you have to pay it back IMF will restructure your economy and cut govt spending to make it easy to pay back “easy” o Slash govt spending on health care or privatize oil they can
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  • Fall '08
  • JDBOYER
  • Nuclear weapon, International Atomic Energy Agency, NPT,  Force

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