History of International Organizations
History of International Organizations
History of International Organizations
ORGANIZATIONS
https://www.youtube.com/watch?v=suIKXQR9N2w
• WARSAW PACT
• Controversy:
If countries cannot pay it back, IMF can come in and force
economic change to government (slash education, military,
etc…) – AUSTERITY MEASURES
• Sometimes lend to corrupt dictators who steal money and then
country is “on the hook”
• Starting to run out of money
REGIONAL ECONOMIC GROUPS
• OPEC (Organization of Oil Exporting Countries)
• Very powerful – formed in 1960
• Iran, Iraq, Kuwait, Saudi Arabia)
• NAFTA (North American Free Trade Association)
• Canada, US, Mexico – free trade zone for products
• EU (European Union)
• Share currency, passport, free trade zone
HOW CAN ORGANIZATIONS
EFFECT CHANGE?
• ECONOMIC SANCTIONS
– Embargoes, boycotts, freezing of assets,
restrictions on investments
– Can harm a country’s economy
– Really only wielded by rich nations
See this video (from 5:00 – end)
• IMF, World Bank, WTO
https://www.youtube.com/watch?
v=XPKf24_pXf