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Global Resources
Financial Times www.ft.com
The Financial Times is the premier international business newspaper.
World Trade Organization (WTO) www.wto.org
The WTO is involved in establishing the rules of trade between nations
(replaced GATT in 1995). Its influence is pervasive in global markets.
Also, the dispute settlement mechanism has given it "teeth" to
impose sanctions on those countries not abiding by the WTO agreements.
Its predecessor, GATT, did not have this power. Global executives
need to know the rules of the game, and this is a good place to
find them.
Organization for Economic Cooperation and Development (OECD)
www.oecd.org
The OECD is "an international organization helping governments tackle
the economic, social and governance challenges of a globalized economy."
It is heavily involved in establishing the rules of the game between
Mexico and the US. The OECD is also involved in establishing regulations
related to acceptable ethical business practices.
International Monetary Fund (IMF) www.imf.org
The IMF is ever-present in global markets. Its function is to serve
as a lubricant in the global financial markets by providing short-term
lending to countries with balance-of-payment deficits (imports >
exports). The IMF was originally created in July 1944 (along
with the World Bank) to maintain order and stability in the international
monetary system. The IMF is a "lender of last resort" to nations
which are members of the IMF (can borrow up to 100% of their "quota.")
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