The World Trade Organization (WTO) and the International Monetary Fund (IMF) :: Globalization World Trade

The being Trade organization (WTO) and the International Monetary Fund (IMF) Before I took this class I would have never fathomed the situation that an organization such as the humans Trade Organization (WTO) existed. Im interested in the fact that the whole world takes part in the WTOS dealing with rules of hatful between all of the different nations. The universe Trade Organization is set(p) in Geneva Switzerland with about 147 countries in association with the organization. It was established on January 1st 1995 in an effort to forum for trade negotiations, handle planetary trade disputes, and monitor national trade policies and administering WTO trade agreements. I feel that this organization is very necessary because the world definitely needs the physical body of formal order that the WTO gives regarding trade issues.The IMF stands for the International Monetary Fund which is in charge of overseeing global monetary cooperation, securing fiscal stability, and promot ing high employment and economical growth. This organization is associated with over 184 different countries in operating surveillance, and both financial and technical assistance.This organization strives to prevent any type of crisis in the establishment by encouraging countries to adopt effective economic policies. The innovation aver Group on the other hand supports the efforts of developing boorish governments to pull in schools and health centers, provide water and electricity, fight heterogeneous diseases and protect the environment.The World Bank is currently involved 1,800 projects around the world to try to repair every lacking quality of a country. Even though the World Bank claims the name that it does, it actually is not a bank at all but does lend money to nations with the intent of completing various projects. The IMF can be held responsible for this as healthy but the World Bank Group is probably more involved in loose the necessary funds to countries.The W TO and the IMF play a big economic lineament because they continue to strive to improve the present global economic situation. I also like how they will not give a country the necessary funds if they are under communist rule because and then the countrys leader could be doing God knows what with that money thats really supposed to be used for the countrys well being.