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Global Economic Stability

International Financial Institutions and Global Economic Stability

The modern global economy is highly interconnected, meaning that financial crises, economic instability, or policy failures in one region can quickly spread to other parts of the world. To manage such challenges and promote international economic stability, several international financial institutions were created after the Second World War. Among these institutions, the International Monetary Fund…

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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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