ADM 1101 Lecture Notes - Lecture 10: International Non-Governmental Organization, International Monetary Fund, Labor Rights
2 Dec 2016
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Document Summary
Globalization: a process of decreasing constraints on the interactions among the nations and people of the world. Economic globalization: integration of fragmented markets into a global economy. Political globalization: process by which world power relationships change and there is a loss of sovereignty by the states. Social globalization: the emergence of a worldwide cultural system. Supranational institution: an international organization that transcends national boundaries where the member states share in the decision making on issues involving members. The world bank: the world bank provides financial and tech assistance to countries that are developing. The international monetary fund (imf): enables financial stability, international trade, employment, and poverty reduction. The international labour organization (ilo): a united nations agency that seeks to promote social justice and internationally recognized human and labour rights. World trade organizations (wto): coordinates the agreements that reduce trade barriers between countries.
