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Global Cooperation in Action

Global Cooperation in Action: An Overview of ILO, IBSA, BRICS, EU, EEU, and SAARC

1. International Labour Organization (ILO) Introduction The International Labour Organization (ILO) is a specialized agency of the United Nations (UN) that deals with labour issues, employment rights, and social justice. It was established in 1919 as part of the Treaty of Versailles, making it one of the oldest international organizations still active today. The ILO…

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Global Financial and Economic Institutions

Global Financial and Economic Institutions: Understanding OECD, BIS, FSB, FATF, and ACU

Introduction In the era of globalization and interconnected economies, the smooth functioning of global finance and trade depends on cooperation among international institutions. Various organizations work to ensure economic stability, promote transparency, and strengthen financial systems across nations.Among these, the Organization for Economic Co-operation and Development (OECD), Bank for International Settlements (BIS), Financial Stability Board…

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Global Economic Cooperation

Global Economic Cooperation: Understanding G20, G8 (Formerly G7), OPEC, and APEC — Structure, Functions, and Goals

Introduction In the modern globalized world, international cooperation has become essential to address complex economic, political, and environmental challenges. Nations are interconnected through trade, finance, energy, and diplomacy. To promote stability, growth, and mutual understanding, several international organizations have emerged. Among these, the Group of Twenty (G20), Group of Eight (formerly G7), Organization of Petroleum…

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United Nations Conference

United Nations Conference on Trade and Development (UNCTAD): Role, Objectives, and Global Importance

Introduction The United Nations Conference on Trade and Development (UNCTAD) is a vital organ of the United Nations system established to promote the integration of developing countries into the world economy in a fair, balanced, and sustainable manner. Formed in 1964, UNCTAD has served as a permanent intergovernmental body focusing on issues of international trade,…

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Bretton Woods Conference

Bretton Woods Conference, IMF, and World Bank (IBRD): Foundations of the Modern Global Economic Order

Introduction The end of the Second World War marked not only a turning point in political and military history but also in the evolution of the world’s economic system. The economic instability and depression that followed World War I had shown that uncoordinated monetary policies and trade rivalries could lead to global chaos. To avoid…

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International Organizations

International Organizations: Meaning, Role, and Significance in Global Governance

Introduction In the modern interconnected world, no nation can exist in isolation. The complexities of international relations—ranging from trade and security to health, environment, and human rights—necessitate cooperation among states. This cooperation is formalized through international organizations, which serve as platforms for dialogue, policy formulation, coordination, and dispute resolution among countries. International organizations have become…

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India’s Path to Vishwaguru

Global Governance and Ethical Leadership: India’s Path to Vishwaguru

Introduction In the 21st century, the world is witnessing unprecedented challenges—climate change, rising geopolitical tensions, ethical dilemmas in technology, inequality, and cultural fragmentation. In this context, the idea of India as Vishwaguru—the global teacher—has resurfaced as both an aspiration and a responsibility. Historically, India has guided humanity through its philosophies, values, and moral leadership. Today,…

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Future of Globalization

The Future of Globalization in a Post-Pandemic World

Introduction Globalization has been one of the most transformative forces of the modern era, redefining economies, societies, and cultures across the globe. At its core, globalization refers to the increasing interconnectedness and interdependence of nations, facilitated by advancements in trade, technology, finance, and communication. For decades, globalization accelerated global economic growth, increased cross-border investments, boosted…

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pcs mains examinations

Why Did the League of Nations Fail to Prevent Future Conflicts Despite Its Formation in 1920?

Introduction The League of Nations was established in 1920 as part of the Treaty of Versailles, aiming to maintain peace and prevent future conflicts. It was the first international organization of its kind, designed to promote diplomacy, collective security, and conflict resolution. However, despite its ambitious goals, the League failed to prevent major conflicts, most…

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