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INTERNATIONAL DECISION-MAKING BODIES, image, image, image - Coggle Diagram
INTERNATIONAL DECISION-MAKING BODIES
Informal forums
group of 7 (G7)
The most military and economicaly powerfull countries
the United States, Japan, Germany, the United Kingdom, France, Italy and Canada
Began in 1973
In theory, the G7 cannot make decisions
BRICS
Brazil, Russia, India, China and South Africa
they discuss
A group of countries with emerging economies
Economic organisations
trade organisations
World Trade Organization (WTO
North American Free Trade Agreement (NAFTA)
major institutions
World Bank
carry out reform projects and programmes
provide loans
International Monetary Fund (IMF)
to encourage economic stability
gives loans to member countries
prevent financial crises
Criticism:
IMF and the World Bank
unfair advantages
IMF requires the country which receives it to adopt a series of measures
increase social inequality
IMF is highly questionable
because it depends on the amount of money contributed
