Sunday, November 16, 2014

World Trade Regulation

International trade is regulated by several organizations. Let's look at a few key organizations.

World Trade Organization - The WTO is an organization created to regulate trade and set trading rules between countries. Organized in 1996, the WTO is a forum where countries can negotiate and enforce trading rules and tariffs. You can learn more at their web site.


International Monetary Fund - The IMF was established to help countries import food and other necessary goods by providing low interest loans. Read more about the IMF here.



The World Bank - The World Bank is an institution established in 1944 under the auspices of the United Nations. It's purpose is to reduce poverty in poor nations. You can learn more about it's organization here.


Assignment: Create a study sheet with definitions of these three organizations. Make sure you know how each organization differs from the others.

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