International Organisations

• Organisations like the IMO (International Maritime Organization) help to increase free trade and FDI.
• Governments and other organisations, like the United Nations (UN), help to provide global connections, through things like aid or other forms of international support, helping countries to work together.
• Global Financial Institutions

  • The IMF and the World Bank reinforce unequal power relations between countries
  • Attach loan conditionalities such as deregulation, privatisation, etc., without regards to the economies receiving the loan
  • The World Trade Organisation (WTO) widens the gap between low income and high income countries despite being created to avoid this
  • The WTO is biased towards richer countries