CAS IR 271 Final: IR Final Exam Crash Course.doc
8 May 2013
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Wto (world trade organization: continuation of gatt, only syria and serbia of gatt did not rejoin, 157 members, vanuatu and russia join in 2012, capitalist states tend to ignore the poorer states. Control of world trade: trade is mostly north-north, there is no world central bank (government does not control, private enterprise runs the system (capitalists, government only controls spending and how much currency is produced. Global finance: conference after ww1 (bretton woods conference 1944, two un structures: World bank (international bank for reconstruction and development: long-term capital development project. You lent money to people to build their systems back up (communication, water etc. ) and you get your money back. International monetary fund (imf: finance regulated mostly by non-state actors, there is no international central bank, money is the single biggest traded commodity. World bank (188 members: world bank hq, washington, dc, designed for capital development lending, goal reduction of poverty.
