Please enable JavaScript.
Coggle requires JavaScript to display documents.
International decision making bodies, image, image, image, image, image,…
International decision making bodies
Informal forums
Group of Seven (G7)
most economic and military power
the United States
Germany
the United Kingdom
France
Italy
Canada
Japan
began to meet in 1973
their initiatives related to world politics and the economy are later put into practice by international organisations
A group of countries with emerging economies joined together
called BRICS
Russia
India
Brazil
China
South Africa
they discuss how to reform the international organisations
Economic organisations
economic organisations
trade organisations
World Trade Organization (WTO)
orth American Free Trade Agreement (NAFTA)
other institutions
International Monetary Fund (IMF)
aim
prevent financial crises and to encourage economic stability
The World Bank
main activity
provide loans to governments
Both receive a lot of criticism
give unfair advantages to powerful nations
brics
Characteristics of the economy typically found in developed countries
plenty of available natural resources
cheap labour
growing financial power
a high level of industrialisation
Characteristics of social development in developing countries:
significant military power
national political economies with some independence regarding the interests of the richer countries and their companies
significant inequality between people with high and low incomes
