Various agencies that have great impact on world business operate under the United Nations. Name these organizations and describe the purpose of each
?The World Bank: its purpose is to end poverty by encouraging development; it loans money to the poorest countries on favorable terms.
The International Monetary Fund: its purpose is to foster worldwide economic growth and financial stability.
The World Intellectual Property Organization: its mission is to promote the protection of intellectual property--patents, copyrights, trademarks, and industrial design.
The UN Commission on International Trade Law: it aims to harmonize international business law by proposing model legislation on such topics as international payments and e-commerce; was responsible for putting forth the UN Convention for the International Sale of Goods (CISG) and the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention).
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