THE GLOBAL INTERSTATE SYSTEM

Global interstate system is an organized institution that governs international relations for mutual
benefit.

FACTS:

Former President Franklin Roosevelt is the one who coined the name of the United Nations.

BENEFITS OF UNITED NATIONS BROUGHT TO GLOBALIZATION

Globalization is a process of economic exchange in the globe that removes the barriers of the flow of
goods services, capital, and labor.

To use its full resources, military or economic, against those members of the tripartite pact and its
adherence with such government is at war.

To cooperate with government signatory hereto and not to make a separate armistice or peace with the
enemies.

THIS ARE THE INSTITUTIONS ASSOCIATED WITH WORLD TRADE:

 Organization economic cooperation and development

 World trade organization
 World bank

World bank- It is a financial institution that extent financially assistance through loans to countries

What are selected institutions association with world trade?

WORLD BANK GROUP

International Development Association (IDA)

-Its primary purpose is to provide loans to developing countries to reduce in qualities and improve
peoples conditions and the contrys economics

International Finance Corporation (IFC)

-Providing loans for private sectors in developing countries to create markets that open up
opportunitiesfor all.

Multilateral Investment Guarantee Agency (MIGA)

-Promotes foreign direct investment into developing countries to help supporte economy growth,
reduce poverty, and improve peoples live.
International Center for Settlement of investment Disputes (ICSID)

-Is an international organization of investors for investment treaties and laws and contracts

International Monetary Fund (IMF)

To ensure international monetary system.

WORLD TRADES ORGANIZATION

- It regulates International trade’s deals with the rule of trade between nations. Ensures the trade will
flow smoothly, predictably and freely as possible. Acts as a forum in negotiation trade agreements.

ORGANIZATION FOR ECONOMIC CORPORATION AND DEVELOPMENT (OECD)

-It consists of 35 members countries stimulate economic progress and world trade, providing a platform
to compare policy experiences, seeking answers to common problems identity good practices and
coordinate domestic and international policies of its members.

Specialized Agencies

It is a autonomous organization working with the united nation and each other through the co-
ordinating machinery of the united nations economic and social council.

Specialized Agencies

1. International Labor Organization

2. Food and Agriculture organization of the united nation.
3. United nations educational scientific and cultural organization
4. World health organization

OTHERS SPECIALIZED INTERNATIONAL ORGANIZATION INTITUTIONS

1. International Civil Aviation Organization(ICAO)

2. International Maritime Organization (IMO)
3. International Telecommunication Union (ITU)
4. Universal Postal Union (UPU)
5. World Meteorology Organization (WMO)
6. World Intellectual Property Organization (WIPO)
7. International Fund For Agricultural Development (IFAD)
8. United Nation Industrial Development Organization (UNIDO)
9. World Tourism Organization (UNWTO)