Inter-governmental Organization
Allows governments to form groups that work together for betterment of society
International Court of Justice
Established By UN charter
Legal disputes between states
Provides Legal opinions
5 SC nations have veto powers
International Criminal Court ( 2002 )
Prosecutions of Individuals for war crimes, genocide, or other crimes against humanity
Independent of UN
No Veto power for any countries
Us doesn't submit to the ICC Maximum sentence maximum
The World Bank
Goal: Promote "Inclusive, Sustainable, Growth"
Aid poor countries
Owned by 183 member nations, and all countries input money to it to provide to.
Provides loans to developing countries for education, agriculture, and business projects
Created after WWII
Located in Washington, DC
Gives Best rates to the Poorest countries ( contradictory to normal banks )
World Trade Organization
Establishes Global Rules of Trades between nations
Framework for trade policy:
Non-discrimination ( all members treated equally )
Binding enforceable commitments
Transparency
Not part of UN System
Predecessor was GATT ( General Agreement on Tariffs and Trade )
Tries to prevent subsidies, and tariffs
International Monetary Fund
Location: Washington, D.C.
Same members as World Bank
Goal: Stabilize World Currencies
Can give loans to stabilize a country's currency
Wants the loan paid back
Only gives loans to "responsible countries"
Responsible Countries ( according to the IMF )
Doesn't only give money to Poor countries
Ex: Greece after economic Collapse
Doesn't like to give to companies that have a lot of debt ( U.S. 19 Trillion )
"Last Resort" for going to
Requires countries to change policies to support entrepreneurs in a country.
Globalization
Spread of economic, cultural, and political ideas between nations
Driven by international trade and investment
Pros:
Newly industrialized countries
Fat countries:
Cheap products
Con Stuff
Cons:
Intense Competition
Bad for Lean and not yet industrialized or trying
United Nations
Founded in 1945
193 nations in U.N.
Declarations of Human Rights:
Promotes human dignity worldwide
End poverty/ world hunger
Universal Education
Gender Equality