Role of international organizations in world economy
Answers
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As international trade has grown, so has the evidence of its benefits to both states and enterprises, the most obvious of which is economic gain. The more universal the market, the more freely trade flows, generating more economic resources for market growth, infrastructure, research and development, jobs, market and labour specialization, global, economic, and social stature. Numerous guidelines, model laws, conventions, and treaties now exist to manage and govern international trade.
Their goal is to open borders, modernize customary exchanges and reduce trade barriers around the world. In an effort to realize these goals, a number of international organizations (IOs) have been established.
International organizations provide a common platform wherein representatives from different parts of the world can discuss and evolve solutions for contemporary issues. In common parlance, it is well known as intergovernmental organizations. The World trade Organization, European Union and Council of Europe are international Organizations to name a few.
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Answer:
International body which aims at liberlisation of international trade started at the the initiative of the develop countries
Explanation:world trade organisation
Administrating wto trade organisation (1)forum for trade negoliation look for tax rate (2)HANDLING TRADE POLICIES (3)CO-OPERATION WITH OTHER INTERNATIONAL ORGANISATION .@@@PLZ FOLLOW ME@