developing nations. Its members include 180 nations the major players being the g-7 with the U.S. domination the presidency. The World Bank was created after World War II, and became the largest single source of lending for development. Between 1947 and 1990 the funds lent to nations in Asia, Latin America, Middle East, and Africa totaled 186 billion dollars. These loans were granted mainly to higher-income developing countries, because such buyers are regarded as credit worthy. A current issue surrounding the World Bank involves the recent riots in Seattle and elsewhere regarding the current loans to third world countries.

The reason for the International Monetary Funds existence is to oversee the global rules governing money and to ensure orderly currency arrangements among the industrial nations. It was also intended to be a lender of last resort for ri

The reason for the European Union is to encourage economic cooperation among the industrial countries of the region by eliminating trade barriers to form a single market. It includes 15 nations altogether, including: Belgium, Denmark, France, Germany, the Netherlands, Greece, Ireland, Italy, Luxembourg, Portugal, Spain, the United Kingdom, Austria, Sweden, and Finland. The EU has a long history. They formed the EEA, the Maastricht treaty, and the development of the Euro. Issues on the current agenda involve whether or not Norway will join and the development of a European Central Bank from the EMI.

The reason for OPEC, Organization of Petroleum Exporting Companies, is to gain profits for its members by gaining control of production so they could manipulate oil prices. Member countries are mainly found in the Middle East and North Africa, all are major petroleum exporters. Their history has been short, but it mostly consist of the rapid price increases during the 1970's and 19

Some common words found in the essay are:
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Approximate Word count = 663
Approximate Pages = 3 (250 words per page double spaced)