Global Business and Economy

May 19th, 2015
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World Bank is world-wide co-operation or institution that resist poverty and scarcity by providing developmental aid to middle class and low-class nations or countries.

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Global Business and EconomyThe World Bank and International Monetary FundWorld Bank is world-wide co-operation or institution that resist poverty and scarcity by providing developmental aid to middle class and low-class nations or countries. The second organization that is TheInternational Monetary Fund (IMF) is a global institution that grant financial aid and recommendations to fellow or peer countries. It was born after the World War II with the basic aim to safe economy from disasters like the great depression. It mainly works as a specialized department of United Nations (UN) and it is responsible for creation and development of monetary system. [Reem Heakel (2015)]The system through which world bank and IMF manages supply and demand is very complex process. The supply and demands of these funds depend upon many factors such as economical deficits in different countries. The ups and downs in the interest rates also affects the supply and demand of funds. World Bank and IMF set an interest rate on which they manage supply and demand. Demand will increase if interest rates go down but supply will decrease when these rates will decrease and vice versa. A person who is considering to expand his business internationally should aware of the policies of World Bank and IMF and also how these organization can impact on his business. [World Bank e-library (1996)]Imports and exports as part of Gross Domestic Product (GDP)Everything

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