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Important Aspects To Cover Under 'International Organisations (1)' (for UPSC CSE)
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This lesson focuses on what concepts need to be covered while studying International Organisations. The facts with respect to World Bank and IMF which are necessary to study are: when and where did they start, what were the genesis behind starting these organisation and what are their functions. It goes on to the important facts one must know about World Trade Organisation: when, why and where did it setup; its functions and objectives and WTO and India's relation and many more concepts one must know while studying Economics.

Ayussh Sanghi is teaching live on Unacademy Plus

Ayussh Sanghi
Passionate Educator - CSE / Other Govt Exams [Peep into my Unacademy Plus Courses & experience awesome learning.]

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Ankita Podder
a year ago
Ei vabei porte thako.
Thank you Sir........................ Thanks to unacademy.................................
Sir thankuu so much may God bless you gir all the lessons These series are very helpful 4 me becaause it decodes the syllabus very well
Shweta yadav
a year ago
Sir i think Growth and development is ana important topic but i dont know where is it covered
hi ayussh sir can u explain how to download slides of these videos. pls rply

  2. ABOUT ME Passionate about Teaching >Taught at most reputed Civil Services Institutes >CA, Lawyer Follow me on: AyusshSanghi

  3. UNIT VII INTERNATIONAL ORGANISATIONS International Organisations are:- World Bank & o IMF o These institutions are also known as Bretton Woods Institutions o A general awareness on- When were these started? o Where are their Headquarters? o What was the genesis behind establishing such a bank? To whom do they lend money to? O How does It function? o Reports published by WB and IMF

  4. UNIT VII INTERNATIONAL ORGANISATIONS Members of World Bank and International Monetary Fund World bank and World bank Groups Relevance of IMF and WB to the developing countries (especially India

  5. UNIT VIII - INTERNATIONAL ORGANISATIONS Example: IMF was setup in 1944, its HQ- Washington, USA. Purpose- to facilitate balanced growth of International trade, Exchange rate, to overcome Balance of Payment crisis and it lends only to member countries and not for a specific purpose, unlike WB. Functioning-Each member is assigned a quota (based on size of the economy), which indicates the voting power, access to financing, the amount a member is obliged to provide to the IMF

  6. UNIT VII INTERNATIONAL ORGANISATIONS Special Drawing Rights How do they help member countries?

  7. UNIT VII INTERNATIONAL ORGANISATIONS World Trade Organisation (WTO o How WTO came into being o Was any organisation set-up before WTO? o Explanation of the terms like: o General Agreement on Tariffs and Trade (GATT) General Agreement on Tariffs and Services (GATS) o Difference between General Agreement on tariffs and Trade (GATT) and WTO o Objectives of WTO o Functioning of WTO o Example- WTO works on the principle 'one country one vote', unlike WB or IMF

  8. UNIT VII INTERNATIONAL ORGANISATIONS World Trade Organisation (WTO o Members of WTO. Recently added members of WTO Importance of certain rounds like Doha round - Issues between developed and developing countries WTO and India-how has it helped India, if so in what way? o What are the Issues- is it a boon or a bane to India? o WTO Principles O Most Favoured Nation (MFN)- Non-Discriminatory Trade, o General system of Preference (GSP) for developing countries Preferential Trade Agreement (PTA), o Free Trade Agreement (FTA) for economic integration

  9. UNIT VII - INTERNATIONAL ORGANISATIONS World Trade Organisation (WTO o Stages in economic integration - PTA FTA> Customs Others Safeguard Mechanisms Union > Monetary Union Safeguard Mechanisms, o Sanitary and Phytosanitary agreement (SPS), o Technical Barriers to Trade (TBT) Technical Barriers to Trade (TBT)

  10. UNIT VII INTERNATIONAL ORGANISATIONS World Trade Organisation (WTO o WTO Agreements o Agreement on Agriculture (AoA) - Domestic support (Green Box, Amber Box, Blue Box), Export subsidies, Market access o Agreement on TRIPS o Patent Issues o etc. o Have proper understanding of each of the above agreemennts. o Copyrights, Trademark, Industrial Design right for what type of products are each given o Example: Copyrights for creative and artistic work, whereas Patents for inventions