Assignment 01

Course Name: International Business

Course Code: IBS 3121

Submitted To:
Yeasmin Islam
Assistant Professor
School of Business & Economics

Submitted By:
Name: Sayma Sultana Lina
ID: 114 171 017
Section: A

Date of Submission: June 18th ,2019

 Global Institutions

1. General Agreement on Tariffs and Trade (GATT)

Location of head quarter:
Geneva, Geneva Canton, Switzerland
Date of signed:
30 October, 1947
Number of members:
128 members
Area of activities:
GATT was a legal agreement between many countries, whose overall purpose was to
promote international trade by reducing or eliminating trade barriers such
as tariffs or quotas.  
2. World Trade Organization (WTO)
Location of head quarter:
Geneva, Switzerland
Date of signed:
January 1, 1995
Number of members:
164 members
Area of activities:
Negotiating the reduction or elimination of obstacles to trade (import tariffs, other
barriers to trade) and agreeing on rules governing the conduct of international trade (e.g.
antidumping, subsidies, product standards, etc.)
3. International Monetary Fund (IMF)
Location of head quarter:
Washington, D.C., United States
Date of signed:
27 December, 1945
Number of members: 189 countries
 Area of activities:
There are three main activities: (i) surveillance and provision of policy advice; (ii)
lending; (iii) technical assistance and research. The main task of the IMF is to maintain a
dialogue with and among its member countries on the national and international
implications of their economic and financial policies.
4. World Bank
Location of head quarter:
Washington, D.C., United States
Date of signed:
July, 1945
Number of members:
189 countries (IBRD)
173 countries (IDA)
Area of activities:
Important activities of World Bank are financial assistance, technical assistance, Inter
organizational cooperation, training, assisting in research and studies, Evaluation of
projects, Settlement of investment disputes, assisting in urban development, population
planning and tourism etc.
5. United Nations (UN)
Location of head quarter:
New York City, New York, United States
Date of signed:
26 June, 1945
Number of members:
193 countries
Area of activities:
The United Nations is an international organization founded in 1945 and committed to
maintaining international peace and security; developing friendly relations among
nations; promoting social progress, better living standards and human rights.
6. The Group of Twenty (G20)
Location of head quarter:
 Cancún, Mexico
Date of signed:
September 26, 1999
Number of members:
20 countries
Area of activities:
Discuss policy pertaining to the promotion of international financial stability.
7. Association of Southeast Asian Nations (ASEAN)
Location of head quarter:
Jakarta, Indonesia
Date of signed:
8 August 1967
Number of members:
10 member states
Area of activities:
Promotes intergovernmental cooperation and facilities economic, political, security,
military, educational, and sociocultural integration among its members and other
countries in Asia.
8. European Union (EU)
Location of head quarter:
Europe
Date of signed:
1951 and 1958
Number of members:
28 embers
Area of activities:
1) Promote peace, its values and the well-being of its citizens.
2) Offer freedom, security and justice without internal borders.
3) Sustainable development based on balanced economic growth and balanced stability.
9. South Asian Association for Regional Cooperation (SAARC)
Location of head quarter:
Kathmandu, Nepal
Date of signed:
December 8, 1985
Number of members:
8 members
Area of activities:
SAARC has always tried to quicken the economic growth, social development, and other
development among its member countries. Therefore, SAARC has an important role in
developing cooperation among its member countries and promoting the welfare and
improving the quality of life of the people of South Asia.
10. Central America Free Agreement (CAFTA)
Location of head quarter:
N/A
Date of signed:
August 5, 2004
Number of members:
7 members
Area of activities:
The CAFTA-DR constitutes the first free trade agreement between the United States and
a small group of developing countries. It was created with the purpose of creating new
and better economic opportunities by opening markets, eliminating tariffs, reducing
barriers to services, and more.
11. Asian Development Bank (ADB)
Location of head quarter:
Mandaluyong, Philippines
Date of signed:
December 19, 1966
Number of members:
67 members
 Area of activities:
The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive,
resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate
extreme poverty. It assists its members and partners by providing loans, technical
assistance, grants, and equity investments to promote social and economic development.
12. North American Free Trade Agreement (NAFTA)
Location of head quarter:
N/A
Date of signed:
January 1, 1994
Number of members:
3 members
Area of activities: To reduce barriers to trade, to increase cooperation for improving
working conditions in North America. To create an expanded and safe market for goods
and services produced in North America.

13. South Asian Free Trade Area (SAFTA)

Location of head quarter:
N/A
Date of signed:
January 1, 2006
Number of members:
8 members
Area of activities:
Promote competition in the area and to provide equitable benefits to the countries
involved. It aims to benefit the people of the countries by bringing transparency and
integrity among the nations. SAFTA was also formed in order to increase the level of
trade and economic cooperation.
 Globalization V/S Anti-Globalization

Sl. Globalization Anti-Globalization

No
1. Supporters of globalization argue that it has Opposition to international financial institutions
the potential to make this world a better and transactional cooperation.
place to live in and solve some of the deep-
seated problems like unemployment and
poverty by borderless trading and cross
broader investment.
2. It creates the new pathway of mixed Global opposition to neoliberalism.
political system.
3. Decrease the probability of war. Has a little chance about decreasing destruction
of war.
4. There is more influx of information between Opposition of cultural imperialism of global
two countries, which do not have anything media and MNEs.
in common between them. There is cultural
intermingling and each country is learning
more about other cultures. Socially we have
become more open and tolerant towards
each other and people who live in the other
part of the world are not considered
strangers.

5. Develop the concept of universal workplace. National business and employment system get
unbound support.