This topic contains a solution. Click here to go to the answer

Author Question: The World Trade Organization, the World Bank, and the International Monetary Fund were each formed ... (Read 86 times)

piesebel

  • Hero Member
  • *****
  • Posts: 565
The World Trade Organization, the World Bank, and the International Monetary Fund were each formed to deal with specific international economic issues. (a) Explain the purpose of each organization and how effective it has been. (b) Do these organizations infringe on state sovereignty?
 
  What will be an ideal response?

Question 2

Distinguish between intergovernmental and nongovernmental international organizations.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

TheDev123

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

The WTO is a full-fledged IGO with formal decision-making procedures. Mandated to
manage disputes arising from its trading partners, the WTO has been given authority to
enforce trading rules and to adjudicate trade disputes. Because Global South countries
often have difficulty borrowing money to finance projects aimed at promoting
economic growth, the bank offers them loans with lower interest rates and longer
repayment plans than they could typically obtain from commercial banks. Most
recently, the World Bank has set a goal to end extreme poverty throughout the world
by 2030 . The International Monetary Fund (IMF) is a truly global IGO designed to
maintain currency exchange stability by promoting international monetary cooperation
and orderly exchange arrangements. Further, the IMF sometimes functions as a lender
of last resort for countries experiencing financial crises.

Answer to Question 2

There are two main types of international nonstate actors, intergovernmental
organizations (IGOs) and nongovernmental organizations (NGOs). What
distinguishes the two is that intergovernmental organizations are international
organizations whose members are states, whereas nongovernmental organizations are
associations composed of private individuals. Both types experienced a sharp
increase in their numbers during the twentieth century:





 

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

For a complete list of videos, visit our video library