Institutions of Global Association

Definition

These are international organizations that have been established by countries around the world to promote cooperation, peace, and development. They can be political, economic, or social in nature.

Analogy

Think of these institutions as the referees in a soccer match. Just like how referees ensure fair play and enforce rules during a game, these global institutions help maintain order and fairness among nations.

Related terms

United Nations (UN): An international organization formed after World War II to promote international peace, security, and cooperation.

World Bank: An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.

International Monetary Fund (IMF): An international organization aimed at promoting global economic growth and financial stability, encouraging international trade, and reducing poverty.