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There are a number of organizations designed to regulate the global economy and assist individual nations in the global economy

Business Dec 28, 2020

There are a number of organizations designed to regulate the global economy and assist individual nations in the global economy. List and describe two such organizations.

Expert Solution

The two global/world organizations are-

1. World Trade Organization (WTO) - is an intergovernmental institution or association that is related to the regulation of global trade (exchange) between countries. The WTO manages and regulates the trade of products, services, and intellectual property rights between partaking nations by giving a system to arranging economic alliance and a question goal measure pointed toward authorizing members' adherence to WTO arrangements.

2. International Monetary Fund (IMF) - is a global association where the nations cooperate to cultivate worldwide money related participation, secure financial steadiness, encourage global exchange, promote high employment, reasonable economic growth, and reduce poverty around the globe. It assumes a focal function in the management of balance of payment troubles and global financial emergencies.

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