World Geography Political Organizations Vocab

UN (United Nations)

The United Nations is an international organization founded in 1945 after the Second World War by 51 countries committed to maintaining international peace and security, developing friendly relations among nations and promoting social progress, better liv

WTO (World Trade Organization)

The World Trade Organization is the only international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible

IMF (International Monetary Fund)

The International Monetary Fund is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty aro

WB (World Bank)

We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development. WE comprise tow institutions managed by 188 member countries: the International Ban for Reconstruction and Development (IBRD) and the International

EU (European Union)

The creation of the single market and the corresponding increase in trade and general economic activity transformed the EU into a major trading power. The EU is trying to sustain economic growth by investing in transport, energy and research, while also s

NAFTA (North America Free Trade Agreement)

On January 1, 1944, the North American Free Trade Agreement between the United States, Canada, and Mexico entered into force. All remaining duties and quantitae restrictions were eliminated, as scheduled, on January 1, 2008. NAFTA created the world's larg