• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Explain how the transfer of capital can be influenced by world trading organisations and financial institutions?

Extracts from this document...

Introduction

Explain how the transfer of capital can be influenced by world trading organisations and financial institutions? (10marks) The transfer of capital is influenced by three main organisations and financial institutions; these are the World Trade organisation (WTO), the International Monetary Fund (IMF) and the World Bank. The organisations don't literally deal with companies and countries money, but instead guide and work together to make trade easier and also to encourage developing countries to trade in order to develop further. The WTO has been set up with around 150 countries, with over 30 planning on joining in the near future. ...read more.

Middle

Although the WTO is far more focused on a global aspect of trade, paying focus to both developed and developing countries, the IMF is far more focused on developing countries, especially those that are in need of financial support or aid. One of the most recent cases the IMF aided was the Haiti earthquake in January 2010, they cleared the $268 million worth of debt as well as giving financial aid over the next few years in order to help build up the economy and their infrastructure. The IMF does however rely on other perhaps more developed countries to donate to this fund, and then they are responsible for making the decision on whether or not to offer financial support to a country. ...read more.

Conclusion

grow over the years to come, it can already power up to 1million homes over a year and with extension may be able transfer some of this energy to European countries as we are further away from the Equator, which encourages morocco to trade over a longer period. In conclusion, there has to be a good setup for trade as trade has become one of the most important factors involved in a development of a country and often, countries can be treated unfairly. It's important for everybody in the world to have equal opportunities and for the better developed countries to help developing countries as quite often this is to their benefit. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our International Baccalaureate Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related International Baccalaureate Economics essays

  1. Fair Trade

    In fact tourism has become Malaysia's second largest source of income from foreign exchange, despite being threatened by water and air pollution from the growing industrial economy. The majority of these tourists come from its bordering country, Singapore. In 1999, Malaysia launched a worldwide marketing campaign called "Malaysia, Truly Asia"

  2. The future of Eli Lilly

    By doing this, Eli Lilly could gain a competitive advantage. But to have success with a foreign R&D center it needs to have the right size, in order to generate the right amount of value for the Eli Lilly organisation6,7.

  1. Evaluation of Trading Blocs

    may find it near impossible to train themselves to work educated jobs. Nonetheless, there is usually a net increase of employment among the trading bloc nations, so its benefits outweigh the losses in terms of employment. Firms may be disadvantaged or advantaged.

  2. In Haiti, Abductions Hold Nation Hostage

    According to the IMF, 76 percent of Haitians live on less than $2 a day and 55 percent of those people live on less than 44 cents a day. The poor and working class are the ones most affected because they cannot afford the ransoms or protection necessary.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work