Institute Of Business and Management

University of Engineering and Technology Assignment

Submitted to:

Sir Irfan

Submitted by: Team #7

Yasir Arfat 059 Ahmad Asghar 051 Hasan Ali 098

Section:

BBA# II

Subject:

Global Business Environment

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International Monetary Fund (IMF) Key role is providing foreign currencies and other sources of world liquidity to support growth of international trade. Also stabilization programmes provide support for economies in crisis.

To promote international monetary cooperation To facilitate the expansion and balanced growth of international trade To promote exchange stability To assist in the establishment of a multilateral system of payments To give confidence to members by making the general resources of the Fund temporarily available to them under adequate safeguards To shorten the duration and lessen the degree of disequilibrium in the international balances of payments of members World Bank The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the ordinary sense but a unique partnership to reduce poverty and support development. It comprises two institutions managed by 188 member countries: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The IBRD aims to reduce poverty in middle-income and creditworthy poorer countries, while IDA focuses exclusively on the worlds poorest countries. These institutions are part of a larger body known as the World Bank Group. Together these two institutions provide low-interest loans, interest-free credits and grants to developing countries for a wide array of purposes that include investments in education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. World Trade Organization (WTO) The World Trade Organization (WTO) is the only international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible. Where countries have faced trade barriers and wanted them lowered, the negotiations have helped to open markets for trade. But the WTO is not just about opening markets, and in some circumstances its rules support maintaining trade barriers for example, to protect consumers or prevent the spread of disease. At its heart are the WTO agreements, negotiated and signed by the bulk of the worlds trading nations. These documents provide the legal ground rules for international
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commerce. They are essentially contracts, binding governments to keep their trade policies within agreed limits. Although negotiated and signed by governments, the goal is to help producers of goods and services, exporters, and importers conduct their business, while allowing governments to meet social and environmental objectives. The systems overriding purpose is to help trade flow as freely as possible.

United Nations UN
United Nations is responsible for: Harmonizing the actions of nations, maintaining the international peace and security, developing friendly relations with other nations, solving international economics, social, cultural, and humanitarian problems while promoting respect for human rights and fundamental freedoms (United Nations, 2004). The United Nations is widely known for many different things. They provide help to people from natural disaster and war. It first objective is to bring immediate relief to the victims and the second is preventing emergencies from happening. They provide humanitarian assistance and seek to reduce society of disaster and man made actions. Early warning is top priority so the monitor families, drought, economic growth, disasters, and diseases. Under the supervision of the Economic and Social Council (ECOSOC), specialized programs and agencies such as the United Nations Development Programme (UNDP www.undp.org), the United Nations Educational, Scientific and Cultural Organization (UNESCO -www.unesco.org), the United Nations Environment Programme (UNEP www.unep.org), the United Nations High Commissioner for Human Rights (UNHCHR wwwunhchr.ch), the United Nations Institute for Disarmament Research (UNIDIR www.unog.ch/UNIDIR), and many others are trying to prevent deadly conflicts from proliferating by attacking the roots of these conflicts and not only the acts of violence that are the symptoms. Why is globalization today not improving the lot of millions of the worlds poor? Indeed, the number of poor people at the beginning of this new Century is the same as in 1987, and poverty is rising in most developing countries. The deliberate aim of international organizations was to advance and promote development through globalization in particular through higher levels of international trade and investment for the IMF, the World Bank, and the World Trade Organization, while the United Nations would promote well-coordinated and coherent policies at the national and international levels. Globalization in turn was expected to deliver higher degrees of welfare for all. We are now at a critical juncture where this link, the expectation that globalization creates higher welfare for all, is called into question. Indulgence

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