NEED HELP +100 POINTS +BRAINIEST +5 STARS
Here are some facts you will need to respond to this question.
World Trade Organization (WTO)
Oversees the implementation and administration of the agreements between nations that fall under the WTO’s scope of authority
Provides a forum for negotiations and settling disputes among nations
World Bank
Provides loans for capital improvement ("capital" as a factor of production) to developing countries.
International Monetary Fund (IMF)
Member countries contribute to a "pool" of funds available to member countries in need.
Provides policy, advice, and financing to its members.
Works with developing nations to reduce poverty and achieve overall economic stability.
Scenario
The New Republic of Gara is a developing country that wishes to join the global marketplace. Some facts about the NRG:
At present the NRG is a mostly agrarian society (raising crops to satisfy basic needs of its citizens), with no manufacturing to speak of.
Its citizens mostly have the equivalent of a seventh-grade education.
The country is rich in some natural resources, including petroleum, iron, and fertile farmland (though the farmland is inefficiently used).
The government encourages a mixed economy (some market decisions, some government regulation -- although it needs assistance in developing trade policy and other governmental regulations.)
There are ample resources but not enough money to improve the country's infrastructure (transportation networks, electricity).
You may assume that the NRG participates in the three global trade organizations described above.
Instructions
Describe how each of the world trade organizations explained above can assist the New Republic of Gara's entry into the global marketplace.
Use specific examples.
Use multiple paragraphs.
Use bullet lists as appropriate.
In other words, describe a multifaceted program that will bring the NRG into the world market economy.
