The Role of Multilateral Institutions in Accelerating Globalization
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The Role of Multilateral Institutions in Accelerating Globalization INSTRUCTIONS:
ASSIGNMENT 04 BU360 Social Impact of Business Directions: Be sure to make an electronic copy of your answer before submitting it for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English spelling and grammar. Sources must be cited in APA format. Your response should be a minimum of one (1) single-spaced page to a maximum of two (2) pages in length; refer to the "Assignment Format" page for specific format requirements. Describe the roles of the World Bank (WB), International Monetary Fund (IMF), and World Trade Organization (WTO) in the acceleration of globalization.
CONTENT:
The Role of Multilateral Institutions in Accelerating GlobalizationStudent`s NameInstitutional AffiliationThe Role of Multilateral Institutions in Accelerating GlobalizationThe World Bank, International Monetary Fund and World Trade Organization have distinctively increased interconnectivity and interdependence of economies of the entire world. These institutions influence the direction of globalization through enacting global role and undertaking various roles. These roles increased the likelihood of convergence of world economies. These organizations are formulated with the objective of serving several social, political and economic issues of all economies in the world. Their actions may have either direct or indirect impact on the globalization. In this perspective, the roles of the World Bank, International Monetary Fund and World Trade Organization have accelerated globalization (Sharma, 2012).World Bank provides debt reliefs to low income countries in order to build and maintain sustainable and independent...
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