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the WTO forum thereby reducing corruption. ? P7. ? Without the IMF, poorer countries will find themselves without assistance, and at a point where they cannot achieve economic growth, poorer areas within the country will be stagnating, and contrasting to the growing richer economies and richer areas, it will result in greater geographical disparities both within and between countries due to the poverty cycle. p10 ? Similar to the IMF it exists in order to ensure that all countries benefit from globalization, and to make sure that countries that are disadvantageous from lack of economic development, achieve economic growth that will in turn benefit the global munity. p13 ? For example if oil prices were increased, the cost of production for many goods would rise, which will in turn lead to decrease in demand as suppliers raise their prices to pensate. Questions for you to think ? Based on the text, please find out the followings are True or False? ? countries have difficulties in anizing trade policies, globalization would be a struggling process. ? World Bank’s role is to help developing countries to achieve a sustainable development. ? OPEC’s adjustment of oil prices, the world economy can increase very fast. ? of the world’s GDP is contributed by G7. ? 5. G7 is established to offer help to all the countries. ? 6. In fact, the national anizations benefits developed countries more than developing countries. homework ? Read some materials about globalization and international anizations ? Answers to exercises: ? International Moary Fund ? Asia Pacific Economic Cooperation ? World Bank ? Organization for Economic Cooperation and Development ? World Trade Organization ? Organization of the Petroleum Exporting Countries ? Group of Seven ? International Chamber of Commerce ? European Union ? North American Free Trade Agreement