7-Globalization 3.ppt

7-Globalization 3.ppt - BMGT 110 Introduction to Business...

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BMGT 110 Introduction to Business Management Globalization 3
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Agenda What is the IMF? What is The World Bank? Balance of Payments Final thoughts
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Globalization What is the International Monetary Fund (IMF)? An organization that coordinates international monetary rules and their enforcement Objectives are: 1. Promote international monetary cooperation 2. Facilitate balanced growth of international trade 3. Promote exchange stability among international members 4. Make funds resources available for balance of payment corrections
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What is the World Bank? It is made up of the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) It’s objective is to help raise the standards of living in developing countries by channeling financial resources from developed countries.
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7-Globalization 3.ppt - BMGT 110 Introduction to Business...

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