key players

• IGOs 


  international governmental organisations
• international monetry fund(IMF)


  promotes financial co operation and trade eg providing loans to member countries in exchange for lifting tax restrictions
• world bank 


  loans money to less developed countries, member countries pay subscriptions to bank
• world trade organisation(WTO)


  increase trade and reduce trade disputes
• how IGOs increase globalisation

  • encourage countries to join and form trade blocks- reducing tariffs
  • make trade legislation more practical
• IGOs and FDI

  IGOs encourage national governments to accept FDI- person, company ect send money to another country to generate a profit
• controversy of IGOs

  • to recieve a loan must follow strict rules which is harder for developing countries
  • the governance of all are found in developed countries- so cast more votes in key desicions
• national governments influencing globalisation

  • governments can give incetives to foreign countries eg subsidies to encourage them to relocate their operations overseas+may provide grants to encourage business start up
• trade blocs


  encourages the trade of cheaper goods, can set up trade barriers with non-members so certain industries within the trade bloc are protected also greater political security between member states due to economic dependance.
• example of trade blocs

  • the EU, in 2022 has 27 member states, free trade exists between members and there are common external tariffs
  • ASEAN- free trade and in 1995 member states agreed to not use nuclear weapons making union more politically stable