Intrnational Institutions
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PRESENTATION OUTLINE
WTO
- Succeeding the GATT
- 161 members
- Free trade, resolve trade disputes, member benefit from globalisation.
- 2009 global trade -12% due to GFC
Photo by World Trade Organization
INTERNATIONAL MONETARY FUNDS
- 188 countries
- Global monetary cooperation
- Monetary cooperation, stabilise finances, economic growth
- Reduce poverty around the world
- Assesses economy of countries, lends capital, provides advice
Photo by RLHyde
WORLD BANK
- Promotes the development of poorer countries
- Financial and technical assistance to developing countries
Photo by danielfoster437
G8/G7
- USA, JAPAN, GERMANY, FRANCE, UK, ITALY, CANADA & RUSSIA
- Half of the world's GDP
- 2014 Russia suspended ~ actions against Ukrania
Photo by mag3737
G20
- 19 member countries and the EU
- Steady the global financial market
- Meet once a yr to discuss world economic issues and plan sustained economic growth
- Helped reduce the impact of the 2008 GFC
Photo by banggoesanotherday
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT
- 34 member countries
- Info to help govmnts foster prosperity and fight poverty through economis growth and financial stability
Photo by joiseyshowaa
OPEC
- 12 oil producing nations
- 2/3 of the world's oil reserves
- Assign the output quotas
- Influence business cycle
Photo by Kris Krug
