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Faculties and Departments => Business Administration => Business & Entrepreneurship => BBA Discussion Forum => Topic started by: Yousuf.Chy on September 18, 2010, 07:44:15 PM

Title: Important Organizations
Post by: Yousuf.Chy on September 18, 2010, 07:44:15 PM

Following are some very important organizations for business students:


World Trade Organization

The World Trade Organization (WTO) is an organization that intends to supervise and liberalize international trade. The organization officially commenced on January 1, 1995 under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. The organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements, and a dispute resolution process aimed at enforcing participants' adherence to WTO agreements which are signed by representatives of member governments and ratified by their parliaments. Most of the issues that the WTO focuses on derive from previous trade negotiations, especially from the Uruguay Round (1986-1994).

The organization is currently endeavoring to persist with a trade negotiation called the Doha Development Agenda (or Doha Round), which was launched in 2001 to enhance equitable participation of poorer countries which represent a majority of the world's population. However, the negotiation has been dogged by "disagreement between exporters of agricultural bulk commodities and countries with large numbers of subsistence farmers on the precise terms of a 'special safeguard measure' to protect farmers from surges in imports. At this time, the future of the Doha Round is uncertain."

The WTO has 153 members, representing more than 97% of total world trade and 30 observers, most seeking membership. The WTO is governed by a ministerial conference, meeting every two years; a general council, which implements the conference's policy decisions and is responsible for day-to-day administration; and a director-general, who is appointed by the ministerial conference. The WTO's headquarters is at the Centre William Rappard, Geneva, Switzerland.


World Bank

World Bank is a term used to describe an international financial institution that provides leveraged loans to developing countries for capital programs. The World Bank has a stated goal of reducing poverty. By law, all of its decisions must be guided by a commitment to promote foreign investment, international trade and facilitate capital investment.

The World Bank differs from the World Bank Group, in that the World Bank comprises only two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), whereas the latter incorporates these two in addition to three more:  International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes (ICSID).

The World Bank is one of five institutions created at the Bretton Woods Conference in 1944. The International Monetary Fund, a related institution, is the second. Delegates from many countries attended the Bretton Woods Conference. The most powerful countries in attendance were the United States and United Kingdom which dominated negotiations.

Although both are based in Washington, D.C., the World Bank is by custom headed by an American, while the IMF is led by a European

International Monetary Fund

The International Monetary Fund (IMF) is the intergovernmental organization that oversees the global financial system by following the macroeconomic policies of its member countries; in particular those with an impact on exchange rate and the balance of payments. It is an organization formed with a stated objective of stabilizing international exchange rates and facilitating development through the enforcement of liberalising economic policies on other countries as a condition for loans, restructuring or aid. It also offers highly leveraged loans, mainly to poorer countries. Its headquarters are in Washington, D.C., United States. The IMF's relatively high influence in world affairs and development has drawn heavy criticism from some sources.

The International Monetary Fund was conceived in July 1944 during the United Nations Monetary and Financial Conference. The representatives of 45 governments met in the Mount Washington Hotel in the area of Bretton Woods, New Hampshire, United States, with the delegates to the conference agreeing on a framework for international economic cooperation. The IMF was formally organized on December 27, 1945, when the first 29 countries signed its Articles of Agreement. The statutory purposes of the IMF today are the same as when they were formulated in 1943.

The IMF's influence in the global economy steadily increased as it accumulated more members. The number of IMF member countries has more than quadrupled from the 44 states involved in its establishment, reflecting in particular the attainment of political independence by many developing countries and more recently the collapse of the Soviet bloc. The expansion of the IMF’s membership, together with the changes in the world economy, has required the IMF to adapt in a variety of ways to continue serving its purposes effectively.

From Wikipedia, the free encyclopedia

Title: Re: Important Organizations
Post by: bidita on September 19, 2010, 09:40:26 AM

Thank you Mr Yousuf...It is really helpful not only for business students but also all...

Title: Re: Important Organizations
Post by: shohel on September 19, 2010, 12:39:31 PM

Thanks Mr. Yousuf  for your informative and thoughtful post .I belive it will help a lot for the students those are going to enter their real life.


Shohel

Title: Re: Important Organizations
Post by: Yousuf.Chy on September 19, 2010, 06:55:15 PM

Thanks for reading.

Title: Re: Important Organizations: IDA
Post by: Yousuf.Chy on September 19, 2010, 07:08:31 PM

The International Development Asso- ciation (IDA)

The International Development Asso- ciation (IDA) is the part of the World Bank that helps the world’s poorest countries. Established in 1960, IDA aims to reduce poverty by providing interest-free credits and grants for programs that boost economic growth, reduce inequalities and improve people’s living conditions.
The International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries.   

IDA complements the World Bank’s other lending arm–the International Bank for Reconstruction and Development (IBRD)–which serves middle-income countries with capital investment and advisory services. IBRD and IDA share the same staff and headquarters and evaluate projects with the same rigorous standards.

IDA is one of the largest sources of assistance for the world’s 79 poorest countries, 39 of which are in Africa. It is the single largest source of donor funds for basic social services in the poorest countries.

IDA lends money (known as credits) on concessional terms. This means that IDA credits have no interest charge and repayments are stretched over 35 to 40 years, including a 10-year grace period. IDA also provides grants to countries at risk of debt distress.

Since its inception, IDA credits and grants have totaled US$222 billion, averaging US$13 billion a year in recent years and directing the largest share, about 50 percent, to Africa.

Title: Re: Important Organizations
Post by: palashmahmud on September 27, 2010, 01:17:26 PM

Thanks Mr. Yousuf  for your valuable information.

Title: Re: Important Organizations
Post by: Al Mamun Bhuiyan on September 29, 2010, 02:49:10 PM

Thank you Mr.Yousuf for giving this information.It will help our business life and we must have the knowledge of the economy for conducting the business.

Title: Re: Important Organizations
Post by: shaikat on September 29, 2010, 03:03:18 PM

Thank you give the information and rich my knowledge.

Title: Re: Important Organizations
Post by: shohel on September 29, 2010, 03:35:05 PM

Again Thanks  Mr. Yousuf a lot  for your information.....


sohel

Title: Re: Important Organizations
Post by: jafar_bre on September 29, 2010, 05:19:38 PM

yeah, all is right  thanks you to add the more information ,,,,,,,,,,,,,,,,,

Title: Re: Important Organizations
Post by: ashiqbest012 on September 29, 2010, 06:32:29 PM

Good going... Please Continue your post.

Title: Re: Important Organizations
Post by: shohel on September 30, 2010, 01:41:42 PM

Thank Mr. Yusuf.chy for your meaningful and time demand post.I belive it will help everyboby to survive his real life .So please continue to put such type of meaningful information.



Sohel

Title: Re: Important Organizations
Post by: goodboy on October 01, 2010, 01:11:52 AM

thanks for posting this mostly important & needed information. Thanks to All..........................

Title: Re: Important Organizations
Post by: goodboy on October 01, 2010, 01:13:46 AM

thanks to all for giving this post............