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international decisions making bodies - Coggle Diagram
international decisions making bodies
informal forums
Group of Seven
began to meet in 1973
seven countries in the world that have the most economic and military power
In theory, the G7 cannot make decisions
BRICS
emerging economies joined together at the beginning of this century
they discuss how to reform the international organisations
G8
at the begining
russia was in the group of the G7
because of that before was G8
nowadays
russia is not in the G7
because the annexation of Crimea in 2014
economic organisations
World Trade Organization
North American Free Trade Agreement
International Monetary Fund
aim it is to prevent financial crises and to encourage economic stability
World Bank
whose main activity is to provide loans to governments
so that they can carry out reform projects and programmes
IMF and world bank
receive a lot of criticism
According to their critics
these organisations give unfair advantages to powerful nations
the IMF requires the country which receives it to adopt a series of measures
which increase social inequality
