International Monetary Fund ( Imf ), World Trade Organization ( Wto ) And World Bank

An example of the IMF’s ability to promote strong, stable economies is the case of Jordan. In the 1980s the declining oil prices and the related recessions in the Middle Eastern oil exporting countries was disadvantageous to Jordan. In 1989 Jordan had a 30-35 percent unemployment rate and was having a hard time due to their external debt. This led the authorities to request the country’s first arrangement with the IMF. Economic reforms were a part of the agreement between Jordan and the IMF. Jordan agreed to a series of five year reforms financed by the IMF, therefore the government took on huge reforms prioritizing foreign investment and easier trade policies. They were ultimately able to reduce the overall debt payment up to a manageable level. Jordan is currently regarded as a country by which the effectiveness of the IMF assistance is assessed.

The Dominican Republic is a country located on the island of Hispaniola with Haiti situated on its western end. It is a part of the West Indies Island group. Fertile valleys and forests cover the Dominican Republic. The capital and largest city is Santo Domingo. In Spanish, the country is known as La Republica Dominicana (Sagas 303). The population of the Dominican Republic is 10,464,000 (Nations of the World).

Dominican Republic is located in the West Indies and is the second largest nation after Cuba.

With a GPD of $135.7 billion (2014 est.), The República Dominicana’s economy is in a very strange shape. Originally based on sugar and other commodity export (coffee, cocoa, tobacco), though when prices went low through most of the 1980s and early 1990s, the Dominican Republic resolved to diversify its economic base. With the introductions of New Trade Zones, manufacturing has boosted to manufacturing sector to 17% of GDP by the year 1996.

has been Costa Rica’s best trading partner. According to the Department of State website The U.S. accounted for nearly half of its exports, imports, and tourism. Many U.S. people decide to live in Costa Rica after retirement and carry American dollars with them. In terms of agreements, the two have a tropical forest conservation agreement that has given Costa Rica more than $40 million dollars. In addition, the U.S. and Costa Rica merged the Central American Free Trade Agreement (CAFTA) with other Central American states in order to endorse economic dealings between the countries (U.S. Dep. of State Costa Rica). In the last ten years, Costa Rican economic success appears to be associated with its relationship with the United States. Costa Rica has developed from being a simply focused on the crops of coffee and bananas to an economy that now relies on the service sector for most of its GDP. Much of this transition stems from a newborn focus on tourism. In addition, its strategic arrangement with the United States has appeared to endorse its economy directly through financial

Throughout the decades, motivations to join a Regional Trade Agreement (RTA) have remained fairly consistent. Along with the prospects of economic growth and development, countries aim to achieve economic and social stability, poverty reduction, and an increase in labor provisions. As with many developing countries, RTAs encounter a wide range of complications that hinder economic prosperity. In some cases, RTAs that are formed with good intentions by countries who seek growth come to have a negative effect on a country within the agreement. The following essay will provide an in-depth analysis on the impact the Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) continues to have on Guatemala’s preexisting social issue of

Located in the Caribbean, the Dominican Republic is a country on the eastern two-thirds of the island of Hispaniola. The western third of the island is occupied by another country, Haiti. The Dominican Republic has the ninth largest economy in Latin America and is the second largest in the Caribbean.

While the Dominican Republic is a thriving island in the Caribbean it was not always that way. Through many struggles with foreign policy and with help form the united states has stablished it self as a source for trade with other countries. in a way with the help of the united states, the Dominican Republic has stablished a source of power as assets for foreign trade. Foreign trade has provided the country with a sense of pride with new integration of rules to boost clarity in their work with other country (Ripton, John).

El Salvador was the first country to ratify the Dominican Republic-Central American Free Trade Agreement in 2006 which has provided the country with an extreme increase in the demand of exported goods.

The Dominican Republic is located in the Great Antilles in the Caribbean region. The country is set in the island of Hispaniola. Hispaniola is divided into two countries, Dominican Republic (DR) and Haiti. The DR is the second largest nation in the Caribbean and holds a population of over ten million people. The human development in the DR addresses some concern despite their increased performance in regards to the country’s profile, public sector, and their balance of payments in the last ten-year period. The human development approach (World Bank Group).

The Central American Free Trade Agreement is an expansion of the North American Free Trade Agreement and is the largest free trade agreement. It expanded by including five Central American nations. CAFTA members are United States and Guatemala, El Salvador, Honduras, Costa Rica, Nicaragua, and the Dominican Republic. The Central American Free Trade Agreement started on April 1, 2006, when Honduras and Nicaragua fully implemented the agreement. On May 18, 2006, the Congress of Guatemala ratified CAFTA-DR, which went into effect on July 1, 2006. The Dominican Republic implemented the agreement on March 1, 2007. According to Paulette L. Stenzel, the purpose of this agreement is “eliminate tariffs and

Since the mid-20th century, countries have progressively reduced barriers, subsidies to domestic industries and diverse restrictions on international commerce in order to promote specialization and greater efficiency in production. In theory, free trade allows nations to focus on their main comparative advantages and profit from cooperation and voluntary trade. This strategy is usually reinforced by treaties between two or more countries where commerce of goods and services can be handled across their common borders, without tariffs and other trade obstacles. As a key component of regional integration in the Americas, CAFTA-DR is one important example of this economic ideology.

International organizations have been noted to be around since the mid- 19th century and such organizations do not operate for profit. An international organization is defined by the United Nations as an organization with an international membership, scope, or presence. The main objective of all the international organizations they say ,have usually been welfare and the improvement of member countries through cooperation.

1.The international financial institutions (IFIs) are central pillars and the architects of the global economy. The world bank and IMF were founded and funded by the United states after the second world war to build shattered world economy after the war and great depression of the 1930s (socialist alternative,). The creation of the IFIs was to bring about a global economy after the “isolation economy” which some argue brought about the Second World War. The IFIs were to help the economy of the less developing countries (LDCs) to bring about growth and development, a phenomenon known as globalization.

The world witnessed the rise in Economy of several countries. As a result of which people became and rich and economically prosper. The International Organizations like the United Nations and its subordinate bodies exercised greater control over the World. The International bodies are responsible for the maintenance of World peace and to address several other issues which are affecting the countries. The brief description of the International bodies is as under;