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Economic Organizations Ms. Short. WTO WTO = World Trade OrganizationWTO = World Trade Organization The WTO is a forum where nations meet to discuss rules.

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Presentation on theme: "Economic Organizations Ms. Short. WTO WTO = World Trade OrganizationWTO = World Trade Organization The WTO is a forum where nations meet to discuss rules."— Presentation transcript:

1 Economic Organizations Ms. Short

2 WTO WTO = World Trade OrganizationWTO = World Trade Organization The WTO is a forum where nations meet to discuss rules for international trade.The WTO is a forum where nations meet to discuss rules for international trade. Jobs of the WTO include:Jobs of the WTO include: Acting as a forum for trade negotiationsActing as a forum for trade negotiations Creating rules for free & fair tradeCreating rules for free & fair trade Settling trade disputesSettling trade disputes 153 members as of 23 July members as of 23 July 2008

3 WB WB = World BankWB = World Bank The world bank is made up of five different organizations.The world bank is made up of five different organizations. These organizations work to help poor countries improve their economies (this helps raise the standard of living in developing nations.These organizations work to help poor countries improve their economies (this helps raise the standard of living in developing nations. They do this through loans and grantsThey do this through loans and grants

4 WB Examples of WB work- country snapshotExamples of WB work- country snapshot

5 U.N. U.N. = United NationsU.N. = United Nations Promotes higher standards of living, full employment, and conditions of economic and social progress and development in the worldPromotes higher standards of living, full employment, and conditions of economic and social progress and development in the world Every recognized country is part of the UN (192)Every recognized country is part of the UN (192)

6 Not Part of the UN The following territories are excluded as the UN does not consider them as part of any member state: Vatican City (the Holy See is a UN non-member observer state), the Palestinian territories (Palestine, represented by the Palestine Liberation Organization, is a UN observer), Western Sahara (status in dispute between Morocco and the Polisario Front), and Antarctica (regulated by the Antarctic Treaty System). Territories of states not recognized by the UN are not excluded due to the UN's position that they are part of some UN member state, including Taiwan, as the UN members voted to consider the People's Republic of China as the only lawful representative of China at the UN and therefore the UN does not question its claim that Taiwan is part of China.The following territories are excluded as the UN does not consider them as part of any member state: Vatican City (the Holy See is a UN non-member observer state), the Palestinian territories (Palestine, represented by the Palestine Liberation Organization, is a UN observer), Western Sahara (status in dispute between Morocco and the Polisario Front), and Antarctica (regulated by the Antarctic Treaty System). Territories of states not recognized by the UN are not excluded due to the UN's position that they are part of some UN member state, including Taiwan, as the UN members voted to consider the People's Republic of China as the only lawful representative of China at the UN and therefore the UN does not question its claim that Taiwan is part of China.Vatican CityHoly SeeUN non-member observer state Palestinian territories Palestine Liberation OrganizationUN observer Western SaharaMoroccoPolisario FrontAntarctica Antarctic Treaty Systemstates not recognized by the UNTaiwanPeople's Republic of China at the UNits claim that Taiwan is part of ChinaVatican CityHoly SeeUN non-member observer state Palestinian territories Palestine Liberation OrganizationUN observer Western SaharaMoroccoPolisario FrontAntarctica Antarctic Treaty Systemstates not recognized by the UNTaiwanPeople's Republic of China at the UNits claim that Taiwan is part of China

7 E.U. E.U. = European UnionE.U. = European Union Economic and political partnership between 27 democratic European countriesEconomic and political partnership between 27 democratic European countries Aimed to create prosperity and freedom for its 495 million citizensAimed to create prosperity and freedom for its 495 million citizens Promotes balanced economic and social developmentPromotes balanced economic and social development Has one single currency the EuroHas one single currency the Euro

8 Countries of the European Union

9 NAFTA NAFTA = North American Free Trade AgreementNAFTA = North American Free Trade Agreement NAFTA is a trade agreement that broke down barriers to trade between Canada, the U.S. & Mexico.NAFTA is a trade agreement that broke down barriers to trade between Canada, the U.S. & Mexico. It has had both positive and negative effects on these countriesIt has had both positive and negative effects on these countries

10 IMF IMF = International Monetary FundIMF = International Monetary Fund The IMF has 186 member countries. It is a specialized agency of the United Nations but has its own charter, governing structure, and finances. Its members are represented through a quota system broadly based on their relative size in the global economy.The IMF has 186 member countries. It is a specialized agency of the United Nations but has its own charter, governing structure, and finances. Its members are represented through a quota system broadly based on their relative size in the global economy.

11 IMF The IMF has 3 primary jobs:The IMF has 3 primary jobs: Surveillance – of economic conditionsSurveillance – of economic conditions Financial Loans – short term loans to countries to pay outstanding debtsFinancial Loans – short term loans to countries to pay outstanding debts Technical Assistance – train and advise national governments so that they can better run their economiesTechnical Assistance – train and advise national governments so that they can better run their economies

12 Resources https://www.cia.gov/library/publications/the -world-factbook/geos/ee.htmlhttps://www.cia.gov/library/publications/the -world-factbook/geos/ee.htmlhttps://www.cia.gov/library/publications/the -world-factbook/geos/ee.htmlhttps://www.cia.gov/library/publications/the -world-factbook/geos/ee.html s_e/tif_e/org6_e.htmhttp://www.wto.org/english/thewto_e/whati s_e/tif_e/org6_e.htmhttp://www.wto.org/english/thewto_e/whati s_e/tif_e/org6_e.htmhttp://www.wto.org/english/thewto_e/whati s_e/tif_e/org6_e.htm


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