Promotes political alignment and cooperation may

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Promotes political alignment and cooperation May reduce regional conflicts Increases political clout Regionalism vs. Globalized Trading System Concerns with regional integration Too much diversion, too little creation. Regional trading blocks may become economic fortresses and may take precedence over multilateralism (the WTO). Negatively impacts national sovereignty. Can create winners and losers. The World Trade Organization (WTO) The WTO seeks to establish trade policy rules that help expand trade and improve world living standards. It does this through: o Administering Trade Agreements. o Serving As The Forum For Trade Negotiations. o Settling Trade Disputes. o Reviewing National Trade Policies. o Assisting Developing Nations On Trade Policy Issues. o Cooperating With Other International Organizations The International Monetary Fund
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Seeks to promote international monetary cooperation and expansion of international trade. Seeks to promote sound monetary policies among member nations through: o Promoting exchange stability o Maintaining orderly exchange arrangements o
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Christopher Reinemann
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