United Nations and its specialized agencies

The United Nations (UN) is an intergovernmental organization established on 24 October 1945 to promote international cooperation. It was founded to replace the League of Nations following World War II and to prevent another conflict. When it was founded, the UN had 51 Member States; there are now 193. Most nations are members of the UN and send diplomats to the headquarters to hold meetings … Read more

IMF, The World Bank and Asian Development Bank

The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign investment and promoting long-range balance growth in international trade. The World Bank was established in December 1945 at the … Read more

WTO and its impact on India

The World Trade Organization came into being in 1995 as the successor organization to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War. It  is a multilateral framework (an agreement among governments) for conduct of international trade in goods and services and also for protection of intellectual … Read more

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