U6 L4: Non State Institutions

• financial institution which deals with deposits, advances, etc

  bank
• receive money from those who want to save in the form of deposits and lends money to those who need it


  banks
• they play an important role as an intermediaty, or go-between, in the financial system

  banks
• 3 main functions of banks include

  1. where people can safely deposit their savings and the bank pays interest on
  2. are largely responsible for the payments system
  3. they issue loans to people and companies
• company/group of people authorized to act as a single entity and recognized by law


  corporation
• the early entities of banks were established by a what


  charter
• the jurisdiction now allow the creation of corporations through registration
• corporations are chartered into 2 kinds:

  • whether or not they can issue stocks
  • whether or not they are for profit
• firm-owned, controlled, and operated by a group of users for their own benefit

  cooperative
• institution wherein each member contributed equity, capital, and shares in the control of the firm on the basis of one member, one vote

  cooperative
• autonomous association of persons united voluntarily to meet their common economic, etc. needs and aspirations through a jointly-owned and democratically controlled enterprise


  cooperative
• organization made up of members (membership-based)


  trade union
• this organization must be made up mainly of workers and independent of any employers


  trade union
• this organizations main aims include to protect and advance the interests of its members in the workplace


  ttade unions
• advocates and advocacy groups represent a wide range of categories and support several issues
• the advocacy institute - us based global organization dedicated to strengthening the capacity of political, social, and economic justice advocated to influence and change public policy
• phenomenon that draws a special attention to advocacy beyond countries borders


  globalization
• these organizations are more likely to emerge around issues where external influence is necessary to ease the communication between internal groups and their own government

  transnational advocacy groups
• these people are willing to further their mission, promote networks, and meet with their internal counterparts to exchange ideas

  groups of advocates
• every state and local governments that have this is dedicated to assisting new and established business start, grow, and succeed


  economic development agencies
• the services of economic development agencies include:

  • start-up advice, training, and resources
  • financial assistance w loans, grants, and tax exempt bonds
  • business location and site selection assistance
  • employee recruitment and training assistance
• not for profit organization that is interdependent from states and international governmental organizations


  ngo
• this organization is usually funded by donations. some avoid formal funding altogether

  
  

  ngo
• these organizations are run primarily by volunteers and engaged in a wide range of activities, take diff forms, in diff parts of the world

  ngo
• these organizations either have charitable status, registered for tax exemption based on recognition, and may be a front for political, religious, and other interests

  ngo
• roles of ngos include 1. development and operation of infrastructure - community based operations (cbos) and cooperatives can acquire and provide infrastructure like public toilets, and solid waste collection services 2. supporting innovation, demonstration, and pilot projects 3. facilitating communication - they use interpersonal methods to gain trust 4. technical assistance and training 5. research, monitoring, evaluation 6. advocacy for and with the poor - they attempt to influence gov policies and programmes on their behalf