Monday, August 07, 2006

International Organizations : An Overview

Acceptance of new policy initiatives by the countries over the world through the directions shown by certain international organizations has brought great changes in the faces of the economies over the world. International organizations have stepped forward through the noble thought of “World is a family” to justify the true spirit of globalization accepted by the countries over the World. The role of international organizations such as IMF, World Bank, IFC, WTO, ADB, NAFTA and WTO is marked worthy.


International Trade over the globe is following a dimension of trade in goods to trade in services. Today’s emerging market economies such as India and China have become able enough to become the front line players in the field of services sector. Both international organizations as well as trade blocs have contributed a lot to foster international trade over the world.

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