Intrnational Institutions by Patty Romo

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Slide Notes

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

ASEAN

Indonesia, Malaysia, Singapore and Cambodia among others
Promotes security, socio cultural and economic integration

Photo by Pembleton

Patty Romo

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