- Top 10 examples of economic institutions
- 1- World Bank
- 2- International Monetary Fund
- 3- International Chamber of Commerce
- 4- World Trade Organization
- 5- Economic and Monetary Union
- 6- ECLAC
- 7- Mercosur
- 8- The Public Finance
- 9- Banks
- 10- Companies
- References
The main examples of economic institutions include the World Bank, the International Monetary Fund and the World Trade Organization. Economic institutions have different characteristics depending on their nature.
Economic institutions or organizations are the entities through which the economies of the people, groups, companies or nations that are linked to said institution are managed.
These relationships are governed by a series of rules or regulations that will help the economy to be transparent and better consolidated.
Top 10 examples of economic institutions
1- World Bank
It is an entity dependent on the United Nations Organization and works to provide economic and financial support to countries that are in theaters of economic crisis.
It emerged in order to help the countries recover after the Second World War.
2- International Monetary Fund
It is an institution created by the United Nations. Its main objective is to promote cooperation between the countries that comprise it and that there is financial stability in these nations.
The member countries of the fund can use it to solve any financial or economic problem that they are presenting.
3- International Chamber of Commerce
It is an organization created in France. It is in charge of providing protection to the companies of the different countries that comprise it.
This institution seeks to make the market economy work efficiently, providing the support that companies need.
4- World Trade Organization
It is in charge of creating the norms and rules related to all trade exchanges worldwide.
In addition, it encourages the opening of new businesses and its main objective is that the economy has an impressive growth.
5- Economic and Monetary Union
It is made up of countries of the European Union. It was born with the implementation of the euro as the single currency.
This union seeks to have common economic policies in order to meet the objectives and purposes of the region.
6- ECLAC
The Economic Commission for Latin America (ECLAC) is a regional commission of the United Nations.
It was created in order to contribute to the economy of the nations that make it up, contributing to their growth, development and, above all, to the strengthening of economic relations between member countries, as well as with other countries in the world.
7- Mercosur
It is the Common Market of the South and is made up of several countries in South America. It focuses on seeking and generating trade opportunities between the economies of the member countries and the other countries.
8- The Public Finance
It is an institution that is part of the economy and the State of each country. It is in charge of studying the finances of the public sector.
This institution helps make decisions or give answers about income and expenses. The State can intervene in the market economy and normally it does so through the Public Treasury.
9- Banks
They are in charge of carrying out financial operations, which consist of taking advantage of the markets in different ways. Marketing with money is its best known end.
10- Companies
They are institutions that focus primarily on the functioning of economic systems.
The purpose of the companies is to freely participate in the production of goods and services, to satisfy the demands and needs.
References
- Estay, J. (2008). The insertion of Latin America in the international economy. Buenos Aires: CLACSO Coeditions.
- Hederra, SC (1983). Economic legislation manual. Chile: Editorial Jurídica de Chile.
- L., CS (1995). Dictionary of Economic Terms. Santiago de Chile: Editorial Universitaria.
- Mancera, AC (2014). International economy. DF, Mexico: Grupo Editorial Patria.
- Molle, W. (2004). Global Economic Institutions. Routledge.