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  • International Marketing Unit 5

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    Nagarjuna Reddy
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    The World Trade Organization (WTO) was formed in 1995 to replace the General Agreement on Tariffs and Trade (GATT) and has 153 members. It is located in Geneva, Switzerland and restricts barriers to international trade while setting frameworks for trade policies and supervising trade agreements. The International Monetary Fund (IMF) was created in 1946, has 185 members, and is located in Washington D.C. It promotes global monetary cooperation and financial stability. The World Bank was created at the 1944 Bretton Woods Conference, has 186 members, and is also located in Washington D.C. It provides financial and technical support to developing countries to reduce poverty, hunger, and disease.

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    The World Trade Organization (WTO) was formed in 1995 to replace the General Agreement on Tariffs and Trade (GATT) and has 153 members. It is located in Geneva, Switzerland and restricts barriers to international trade while setting frameworks for trade policies and supervising trade agreements. The International Monetary Fund (IMF) was created in 1946, has 185 members, and is located in Washington D.C. It promotes global monetary cooperation and financial stability. The World Bank was created at the 1944 Bretton Woods Conference, has 186 members, and is also located in Washington D.C. It provides financial and technical support to developing countries to reduce poverty, hunger, and disease.

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    13 visualizzazioni6 pagine

    International Marketing Unit 5

    Caricato da

    Nagarjuna Reddy
    The World Trade Organization (WTO) was formed in 1995 to replace the General Agreement on Tariffs and Trade (GATT) and has 153 members. It is located in Geneva, Switzerland and restricts barriers to international trade while setting frameworks for trade policies and supervising trade agreements. The International Monetary Fund (IMF) was created in 1946, has 185 members, and is located in Washington D.C. It promotes global monetary cooperation and financial stability. The World Bank was created at the 1944 Bretton Woods Conference, has 186 members, and is also located in Washington D.C. It provides financial and technical support to developing countries to reduce poverty, hunger, and disease.

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    International Economic Institutions

    1. The World Trade Organization (WTO)

    In 1947 The General Agreement on Tariffs and Trade (GATT) was formed
    In 1995 the WTO replaced the GATT
    General Director: Pascal Lamy
    Has 153 members
    Is located in Geneva, Switzerland
    Website: www.wto.int

    Objectives

    Restrict barriers to international trade


    Set a framework for trade policies
    Check global economic policy-making
    Supervise the implementation, administration and operation of the covered

    agreements in the Rounds of negotiation


    Provide a forum for negotiations and for settling disputes
    Review the national trade policies
    Assist developing, least-developed and low-income countries through technical

    cooperation and training


    Economic research and analysis

    2. THE INTERNATIONAL MONETARY FUND

    Created in 1946
    Has 185 members
    Is located in Washington D.C., USA
    Managed by Dominique Strauss-Kahn
    Website: www.imf.org

    Objectives

    Promote global monetary cooperation


    Guarantee financial stability
    Assist the equilibrated growth of international trade by the creation of a

    multilateral payment system


    Follow global economic trends and performance
    Supply a forum for policy dialogue

    3. The World Bank

    Created as a result of the Bretton Woods Conference in 1944

    Preside by Robert Zoellick

    Has 186 members

    Located in Washington D.C., USA

    Website: www.worldbank.org

    Objetives

    Reach development and improve living standards by reducing poverty, hunger,


    illiteracy and disease

    Supply financial and technical support to developing countries

    Create infrastructure

    Develop financial systems

    Protect individual and property rights

    Implement legal systems that encourages business

    Combat corruption

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