roles of different international institutions in helping build an entrepreneurial movement around the globe?
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The role of international organizations is helping to set the international agenda, mediating political bargaining, providing a place for political initiatives and acting as catalysts for the coalition- formation. They facilitate cooperation and coordination among member nations.
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- The World Bank, the IMF, and the World Trade Organization are three major international organizations that assist countries in their development efforts.
- The World Bank finances projects in recipient countries, the IMF helps with balance of payments, and the World Trade Organization works to reduce trade barriers.
Explanation:
World Bank
- Examining the role of government policies in promoting private sector development using a combination of experimental and non-experimental methods.
- Encourage researchers to develop and test new policy instruments that governments and World Bank operational teams can use to support the SME sector in developing countries.
International Monetary Fund
- The IMF provides assistance in the form of annual surveillance for individual countries, regions, and the global economy as a whole.
- A country may, however, request financial assistance if it is in an economic crisis, whether caused by a sudden shock to its economy or poor macroeconomic planning.
World Trade Organization
- WTO facilitates the implementation, administration, and smooth operation of bilateral trade agreements.
- It serves as a forum for trade negotiations among its member countries.
- Disputes between member countries are resolved using established rules and regulations.
- It works with the IMF (International Monetary Fund) and the World Bank to create coherence in global economic policies.
Hence, these three organizations work in coordination with each other in helping build an entrepreneurial movement around the globe.
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