Please enable JavaScript.
Coggle requires JavaScript to display documents.
INTERNATIONAL DECISION-MAKING BODIES - Coggle Diagram
INTERNATIONAL DECISION-MAKING BODIES
INFORMAL FORUMS
Group of Seven began in 1973
seven countries in the world that have economic and military power
this group is called BRICS
Brazil, Russia, India, China and South Africa
the US, Japan, Germany, the UK, France, Italy and Canada
emerging economies
ECONOMIC ORGANISATIONS
the North American Free Trade Agreement (NAFTA)
International Monetary Fund (IMF)
whose aim it is to prevent financial crises and to encourage economic stability
World Trade Organization (WTO)
World Bank
whose main activity is to provide loans to governments
IMF and the World Bank receive a lot of criticism
decision-making process at the IMF
is highly questionable because it depends on the amount of money contributed by each country
G7 nations hold 48.2% of the votes
24 African countries only have a total of 2.01%
G7 nations hold 48.2% of the votes
United States, Japan, Germany, the United Kingdom and France
together 36.7% of the votes
