Introduction to Business

The Multilateral Investment Guarantee Agency (MIGA): Multilateral Investment Guarantee Agency is a member of the World Bank Group. Their mission is to promote foreign direct…

International Development Association (IDA): International Development Association (IDA) is the part of the World Bank that helps the world’s poorest countries. Overseen by 173 shareholder…

International finance corporation (IFC): The International Finance Corporation (IFC) is the private sector lending arm of the World Bank Group, providing financial services to businesses…

Groups of World Bank The term “World Bank” usually refers to the IBRD and IDA, whereas World Bank Group refers to the institutions as a…

Assistance and contribution of International Monetary Fund (IMF) Basic functions of International Monetary Fund (IMF) are to promote international financial stability and monetary cooperation. It…

Special Drawing Rights (SDRS) To help to increase the international reserves the IMF created the Special Drawing Rights (SDRs) in 1969. The SDS is an…

World Bank The official name of World Bank is the International Bank for Reconstruction and Development (IBRD). It was established in 1945, the World Bank’s…

Causes of effect of Globalization The present globalization is founded the policies of Gorbachev’s “perestroika’ and “Glasnost. Gorbachev wanted reform of the world i.e., liberalization…

Characteristics of the Globalization Globalization means the economic integration with the world economy through the economic liberalization deregulation, privatization and greater openness to world trade…

Evolution of Business Modern trade and business are originated from the civilization of various stages of human beings. The basic needs of human beings are…