There are many world organisations that affect international trade. They each have their specific role, but as a whole are responsible for the governance of trade between countries to ensure that it is done is a fair and equitable manner.

1. World Trade Organisation 

The WTO is the main multilateral trade agreement which provides a forum for countries to promote free trade and resolve trade disputes.

http://www.wto.org/

2. International Monetary Fund

The IMF is primarily responsible for lending funding to countries which experience short term balance of payments or exchange rate problems or crises.

https://www.imf.org/

3. World Bank

The World Bank promotes economic development in developing countries through the provision of grants, loans and aid.

http://www.worldbank.org/

4. United Nations 

A group of 192 member states and through the UN Conference on Trade and Development (UNCTAD) promotes economic growth and developments along with free trade.

http://www.un.org/en/

5. Organisation for Economic Co-operation and Development

The OECD carries out economic research and makes policy recommendations to improve the economic performance of member nations.

http://www.oecd.org/

 

 

 

All definitions taken from Tim Riley’s “Year 12 Economics 2011”.

 

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