Exam 16: Appendix A: International Institutions From a Business Perspective

International institutions provide nations the opportunity to build multilateral solutions,and thus make significant contributions to international stability.

The WTO supports trade with discrimination as a basic right of trading nations.

Economic cooperation often begins with a common market as in the case of the EU.

In governance of the EU,the _____________ represents the people of Europe.

Within the category of informal institutions,the United Nations is an example of the _________ institution in that it operates to set standards and create voluntary processes,and compliance is through social or peer pressure.

The EU has been unsuccessful at harmonizing customs and tax formalities within their borders.

Permanent members of the UN Security Council vote on Security Council measures and only the Secretary-General of the UN,Ban Ki-moon,has veto power.

The oldest customs union is

When FTA members add shared external tariffs to their agreement,they have formed a

In a customs union,common external tariffs are added to an existing free trade area (FTA),as found in the Southern African Customs Union and Mercosur.

Mark Malloch Brown suggests that

The IBRD is a major institution of the World Bank whose function is to loan to

The UN Millennium Development goals drawn on

The EU's impact on international business is

At the end of World War II,the UN called for the conference that set up the World Bank and the IMF.This conference was

NAFTA maintains restrictions on the movement of labor,so it is

The common interest of all nations in a workable international exchange rate system transcends their conflicting international interests is the premise of

The principles of the WTO include trade without discrimination,known as the ____________ principle.

The _________ is the common market among Russia,Belarus,and Kazakhstan.

The World Bank's two major institutions are the International Development Association and the