How does each of the financial players affect globalization

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Assignment:

How does each of the financial players affect globalization? Provide a detailed explanation that demonstrates clear, insightful critical thinking. By regulating trade and providing an elected system of rules for how trade is to be conducted, the WTO has played a substantial part in shaping the global trade system that we see today. Without arule of law trade would fall into chaos. Just like a rule of law within a country, the global communityneeds a rule of law to follow.

My reading has stated that the IMF is a controversial department set up by the United Nations. Some seem to think that they have stabilized the global economy, others state that their involvementleads to instability later on after the initiation.At this time I am in no position to provide a furtherruling.

As noted above, the World Bank is more of a humanitarian aid than a globalization system. The Bank wishes to remove poverty, educate, and help those needing healthcare. The Bank provides direction, grants, and perspective to otherwise failing countries.

Reference no: EM133749941

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