Impact of International Economic Organizations on Trade
The World Trade Organization (WTO) plays a crucial role in regulating trade between nations, ensuring smooth trade flows, and resolving disputes. UNCTAD supports developing countries in utilizing trade, investment, and technology for sustainable development. Learn more about these organizations and their functions.
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INTERNATIONAL AND ECONOMIC ORGANIZATIONS INTERNATIONAL AND ECONOMIC ORGANIZATIONS Impacting International Trade Impacting International Trade Dr. Manika Jain Assistant Professor ARSD College 3/16/2020 International Business, B.Com. (H) VI Sem 1
WTO UNCTAD World Bank IMF 3/16/2020 International Business, B.Com. (H) VI Sem 2
The World Trade Organization (WTO) is the only global organization that deals with the rules of trade between nations. The purpose of these rules (based on WTO agreements between member nations) is to ensure smooth. Free and predictable trade flows between nations. international 3/16/2020 International Business, B.Com. (H) VI Sem 3
FACT FILE Location: Geneva, Switzerland Established: 1 January 1995 Created by: Uruguay Round negotiations (1986-94) Membership: 164 members representing 98% of world trade Secretariat staff: 625 Head: Roberto Azev do (Director-General) Functions: Administering WTO trade agreements Forum for trade negotiations Handling trade disputes Monitoring national trade policies Technical assistance and training for developing countries Cooperation with other international organizations 3/16/2020 International Business, B.Com. (H) VI Sem 4
For WTO in brief https://www.wto.org/english/thewto_e/whatis_e/inbrief_e/inbr_e.htm https://www.wto.org/english/thewto_e/whatis_e/inbrief_e/inbr_e.htm Principles of WTO https://www.wto.org/english/thewto_e/whatis_e/tif_e/fact2_e.htm https://www.wto.org/english/thewto_e/whatis_e/tif_e/fact2_e.htm More about WTO https://www.wto.org/english/thewto_e/whatis_e/tif_e/tif_e.htm https://www.wto.org/english/thewto_e/whatis_e/tif_e/tif_e.htm 3/16/2020 International Business, B.Com. (H) VI Sem 5
UNCTAD supports developing countries to access the benefits of a globalized economy more fairly and effectively by assisting them in consensus-building, technical assistance. Thus, helping them to use trade, investment, finance, and technology as vehicles for inclusive and sustainable development. policy and analyzing, providing 3/16/2020 International Business, B.Com. (H) VI Sem 6
https://unctad.org/en/Pages/About%20UNCTAD/A-Brief-History-of-UNCTAD.aspxhttps://unctad.org/en/Pages/About%20UNCTAD/A-Brief-History-of-UNCTAD.aspx https://unctad.org/en/Pages/About%20UNCTAD/A- Brief-History-of-UNCTAD.aspx History of UNCTAD https://unctad.org/en/Pages/About%20UNCTAD/A-Brief-History-of-UNCTAD.aspx https://unctad.org/meetings/en/Miscellaneous%20Documents/organigram.pdf https://unctad.org/meetings/en/Miscellaneo us%20Documents/organigram.pdf Organization of UNCTAD https://unctad.org/meetings/en/Miscellaneous%20Documents/organigram.pdf 3/16/2020 International Business, B.Com. (H) VI Sem 7
Functions of UNCTAD Working at the national, regional, and global level, UNCTAD helps 194 member countries to: Comprehend options to address macro-level development challenges Achieve beneficial integration into the international trading system Diversify economies to make them less dependent on commodities Limit their exposure to financial volatility and debt Attract investment and make it more development friendly Increase access to digital technologies Promote entrepreneurship and innovation Help local firms move up value chains Speed up the flow of goods across borders Protect consumers from abuse Curb regulations that stifle competition Adapt to climate change and use natural resources more effectively UNCTAD ensures that the countries use their resources financial and others- most optimally and towards the fulfillment of UN Sustainable Development Goals Source: https://unctad.org/en/Pages/aboutus.aspx 3/16/2020 International Business, B.Com. (H) VI Sem 8
With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity countries. in developing 3/16/2020 International Business, B.Com. (H) VI Sem 9
Source: https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwjFy4mB7NjgAhXabCsKHRKLDU4QjRx6BAgBEAU&url=https%3A%2F%2Fwww.jagranjosh.co m%2Fgeneral-knowledge%2Flist-of-president-of-the-world-bank-group-1525241171-1&psig=AOvVaw2RuDu1W7zZxympfSJtYZBB&ust=1551251396644030 3/16/2020 International Business, B.Com. (H) VI Sem 10
https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwi2oLSr7tjgAhWbeisKHbP_DlkQjRx6BAgBEAU&url=https%3A%2F%2Fwww.slideshare.net%2Fsudarshanajaiman%https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwi2oLSr7tjgAhWbeisKHbP_DlkQjRx6BAgBEAU&url=https%3A%2F%2Fwww.slideshare.net%2Fsudarshanajaiman% 2Fworld-bank-ppt-47175873&psig=AOvVaw3jzKXWSCql6sKYo6i4Sw4t&ust=1551251638671943 3/16/2020 International Business, B.Com. (H) VI Sem 11
The International Monetary Fund, or IMF, promotes international financial stability and monetary cooperation. facilitates international trade, promotes employment and sustainable economic growth, and helps to reduce global poverty. The IMF is governed by and accountable to its 189 member countries. It also http://www.economicsdiscussion.net/international-monetary-fund/international-monetary-fund-imf-origin-objectives-and-functions/11840 3/16/2020 International Business, B.Com. (H) VI Sem 12
https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwwMfd7djgAhXNSH0KHanxBpQQjRx6BAgBEAU&url=https%3A%2F%2Fwww.slideshare.net%2Fkhhttps://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwwMfd7djgAhXNSH0KHanxBpQQjRx6BAgBEAU&url=https%3A%2F%2Fwww.slideshare.net%2Fkh ushalyadav1%2Fimf-world-bank-16020947&psig=AOvVaw3jzKXWSCql6sKYo6i4Sw4t&ust=1551251638671943 3/16/2020 International Business, B.Com. (H) VI Sem 13
