International Organizations

The UN, the WTO, the IMF, the WB… endless acronyms seem to govern global economics, but the difference between what each of them actually does can get pretty confusing. International organizations are generally funded through taxes from their member states, and the money goes to funding international agreements and programs that are intended to help support the global economy as a whole. But power imbalances exist within these organizations, and although they do huge amounts of important work, they’re also sometimes accused of bias in that the different amounts of economic power between member states can lead to different amounts of influence over important decisions.