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    Assignment - CP1: Course Name: International Business Course Code: INB372 Section: 20 Semester: Spring 2022

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    Afrin Nahar
    The document is an assignment submitted by a student to their instructor at North South University. It summarizes the roles and functions of three international organizations: the World Trade Organization (WTO), International Monetary Fund (IMF), and G20. The WTO facilitates global trade through negotiations, monitoring agreements, and dispute settlement. The IMF monitors member economies, provides loans to countries with payment issues, and gives technical assistance. The G20 brings together the world's largest economies to discuss financial and economic cooperation and policy.

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    Assignment - CP1: Course Name: International Business Course Code: INB372 Section: 20 Semester: Spring 2022

    Uploaded by

    Afrin Nahar
    45 views4 pages
    The document is an assignment submitted by a student to their instructor at North South University. It summarizes the roles and functions of three international organizations: the World Trade Organization (WTO), International Monetary Fund (IMF), and G20. The WTO facilitates global trade through negotiations, monitoring agreements, and dispute settlement. The IMF monitors member economies, provides loans to countries with payment issues, and gives technical assistance. The G20 brings together the world's largest economies to discuss financial and economic cooperation and policy.

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    20_Yeasin_Rahman_Efty_2013505630_CP1

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    The document is an assignment submitted by a student to their instructor at North South University. It summarizes the roles and functions of three international organizations: the World Trade Organization (WTO), International Monetary Fund (IMF), and G20. The WTO facilitates global trade through negotiations, monitoring agreements, and dispute settlement. The IMF monitors member economies, provides loans to countries with payment issues, and gives technical assistance. The G20 brings together the world's largest economies to discuss financial and economic cooperation and policy.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    45 views4 pages

    Assignment - CP1: Course Name: International Business Course Code: INB372 Section: 20 Semester: Spring 2022

    Uploaded by

    Afrin Nahar
    The document is an assignment submitted by a student to their instructor at North South University. It summarizes the roles and functions of three international organizations: the World Trade Organization (WTO), International Monetary Fund (IMF), and G20. The WTO facilitates global trade through negotiations, monitoring agreements, and dispute settlement. The IMF monitors member economies, provides loans to countries with payment issues, and gives technical assistance. The G20 brings together the world's largest economies to discuss financial and economic cooperation and policy.

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    © All Rights Reserved
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    of 4

    NORTH SOUTH UNIVERSITY

    Assignment – CP1
    Course Name: International Business
    Course Code: INB372
    Section: 20
    Semester: Spring 2022
    Submitted to
    Mahmud Habib Zaman
    Senior Lecturer
    M.Sc., International Management & Marketing,
    Queen Mary, University of London, UK.
    Email: [email protected]
    Department of Marketing & International Business
    School of Business & Economics (SBE)

    Submitted by
    Yeasin Rahman Efty
    Student Id: 2013505630
    E-mail: [email protected]
    In our mother earth, we have to trade things for a living. For the global trade market, we have so many
    international organizations like GAAT, WTO, IMF, WB, UN, G20 among them; I would like to write
    about the WTO, IMF & G20.

     World Trade Organizations (WTO): There are several ways of looking at the World Trade
    Organization. It is an organization for trade opening. It is a gathering for governments to arrange
    exchange agreements. It also is a place for them to settle trade debates. It works as a framework of
    exchange rules. The WTO is a place where part governments attempt to sort out the exchange issues they
    confront with each other.
    Its member states drive it. It might not work without its Secretariat to facilitate the exercises. The
    Secretariat utilizes over 600 staff, and its specialists — legal counselors, financial analysts, analysts, and
    communications specialists — help WTO individuals on a day by day premise to guarantee, among other
    things, that transactions advance quickly, which the rules of universal exchange are accurately connected
    and implemented.
    Apart from that, they do:
     Trade negotiations: The WTO's assertions cover merchandise, administrations, and intellectual
    property. They spell out the standards of liberalization and the allowed exceptional cases.
     Implementation and monitoring: WTO assertions require governments to create their trade
    approaches straightforward by informing the WTO approximately laws in force and measures
    embraced.
     Dispute settlement: The WTO's method for settling trade fights beneath the Debate Settlement
    Understanding is imperative for upholding the rules and thus for guaranteeing that exchange
    streams easily
     Building trade capacity: WTO agreements contain unique arrangements for creating nations,
    counting more extended periods to execute assertions and commitments, measures to extend
    their trading opportunities and bolster to assist them in constructing their exchange capacity, to
    handle debate, and implement technological measures.
     Outreach: The WTO keeps up the stock exchange with non-governmental organizations,
    parliamentarians, other universal organizations, the media, and the standard open on different
    perspectives of the WTO and the progressing Doha transactions, with the point of improving
    participation and expanding mindfulness of WTO exercises.

     International Monetary Fund (IMF): The International Monetary Fund (IMF) is a global
    organization that points to achieve several distinctive objectives. These incorporate lessening worldwide
    destitution, empowering worldwide trade, and advancing monetary solidness and financial growth.
    It is represented by and responsible to those 190 nations that make up its near-global membership. It was
    built in 1944 within the consequence of the Extraordinary Misery of the 1930s. Forty-four establishing
    part nations looked to construct a system for universal financial participation. Nowadays, its enrollment
    grasps 190 nations, with staff drawn from 150 countries.

    The IMF functions in three main areas:


     It Supervising the economies part of the member nations.
     Loaning to countries with adjusting of installments issues
     Support member nations to modernize their economies
     Monitoring Member Country Economies: The International Monetary Fund's essential work is
    to advance soundness within the worldwide financial framework. So, its first step is to monitor
    its' member countries economy.
     Lending: The IMF loans cash to sustain the economies of its member countries with adjusting of
    installments issues rather than loaning to finance ventures.
     Technical Assistance: The third fundamental work of the IMF is through what it calls capacity
    advancement by giving help, arranging counsel, and preparing through its different programs.
    This bunch provides member countries with specialized help with technical assistance & these
    are:
     Fiscal policy
     Monetary and exchange rate policies
     Banking and financial system supervision and regulation
     Statistics

     G20: The G20 is the worldwide organization that brings together the world's major economies. Its
    individuals account for more than 80% of world GDP, 75% of global trade, and 60% of the planet's
    populace.
    This organization has met each year since 1999 and incorporates, since 2008, and annually Summit, with
    the support of the individual Heads of State and Government.
    In expansion to the Summit, ecclesiastical gatherings, Sherpa gatherings (in charge of carrying out
    arrangements and building agreement among Pioneers), working bunches, and uncommon occasions are
    organized all through the year.
    The G20 members are Argentina, Australia, Brazil, Canada, China, France, Germany, Japan, India,
    Indonesia, Italy, Mexico, Russia, South Africa, Saudi Arabia, South Korea, Turkey, the United Kingdom,
    the United States, and the European Union. Spain is also invited as a permanent guest.
    The G20 does not have a lasting secretariat: its plan and exercises are built up by the pivoting
    Administrations, in participation with the participation.
    A "Troika," presented by the group that holds the Presidency, its forerunner, and successor, works to
    ensure coherence inside the G20.
    The Troika nations are now (Currently) Saudi Arabia, Italy, and Indonesia.

     The Finance Track: Inside the G20 process, a specific place is saved for the "Finance Track,"
    which incorporates the meetings held among Fund and Economy Ministers, Central Bank
    Governors, Vice Ministers, and Sherpas (negotiators) assigned by the individual financial
    services. The Finance Track centers on financial, budgetary, financial, and charge issues. This
    process streams into the broader "Communiqué," customarily received by the G20 Heads of State
    and Government after the Summit.
     G20 EMPOWER: The G20 Organization together for the Strengthening and Movement of
    Women's Financial Representation is an excellent activity that aims at quickening women's
    authority and strengthening within the private division by leveraging its one-of-a-kind collusion
    among trade pioneers and governments over the G20 nations. Propelled amid the 2019 G20
    Summit in Japan and set up amid the 2020 Saudi Administration, G20 Enable incorporates 27
    Individuals from G20 and visitor nations.
    Reference:

     Wto.org. 2021. World Trade Organization - Global trade. [online] Available at:
    <https://www.wto.org/> [Accessed 22 June 2021].
     About the IMF. (n.d.). Retrieved from https://www.imf.org/en/About
     How Does the International Monetary Fund Function? (2021, April 29). Investopedia.
    https://www.investopedia.com/ask/answers/051415/how-does-international-monetary-
    fund-function.asp
     G20. (1999, March 22). About the G20 | G20. G20 | The G20 Is the Premier Forum for
    International Economic Cooperation. Italy Assumed the G20 2021 Presidency on the 1
    December 2020. https://www.g20.org/about-the-g20.html
     How Best to Define the World Trade Organization (WTO). (2021, March 1).
    Investopedia. https://www.investopedia.com/terms/w/wto.asp

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