The World Trade Organization

The World Trade Organization - The World Trade...

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The World Trade Organization (WTO) is an organization that basically regulates the rules of trade between nations. The goal of the WTO is to “help producers of goods and services, exporters, and importers conduct their business.” Almost all decisions concerning nations are taken by voting in agreement by member countries and by members' parliaments. The International Monetary Fund (IMF) is an organization of 185 member countries that was established to deal with international monetary issues, “exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment.” The IMF does three main things; surveillance, lending, and technical assistance. Surveillance’s purpose is to monitor economic and financial developments. Lending is when the IMF lends to countries with payment difficulties and when they provide temporary financing. Lastly, the IMF provides countries with
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This essay was uploaded on 04/07/2008 for the course PLS 120 taught by Professor Nichols during the Spring '08 term at Union.

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The World Trade Organization - The World Trade...

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