Why International Organizations Matter: A Review

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In their introduction to the chapter "Why International Organisations Matter," which was contributed to Business and the Politics of Globalisation: After the Global Financial Crisis, authors Xu Yi-chong and Patrick Weller begin the rhetorical defense of international organisations (IOs) by providing a review of recent global crises, and describing the various roles that global groups like the World Bank, the International Monetary Fund (IMF), and the International Panel on Climate Change (IPCC) played in addressing these most complex of dilemmas. The work performed by both the IMF and the World Bank in mitigating the disastrous effects of the global financial crisis is presented as a prime example of the efficacy of international organisations, as is the authoritative Report issued by the IPCC in response to mounting evidence in support of climate change as a demonstrable scientific phenomenon. As Yi-chong and Weller state unequivocally, "globalisation could not have taken place without the desire of states to pursue cooperation; neither could it have happened without IOs acting as effective facilitators of that cooperation" (2010), because communication on the international scale often requires an objective third-party for purposes of negotiation, mediation, and conflict resolution. The authors go on to explain the concept of international organizations, and their importance in terms of international relations, from a historical perspective. As Yi-chong and Weller
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