2.1.2 Unemployment & Inflation, Table 2 5-6

2.1.3 Economic Growth, Table 3 6

2.2 Role of the following organisations in global economy 7-9

2.2.1 International Monetary Fund (IMF) 7-8

2.2.3 World Trade Organisation (WTO) 9

4.0 Bibliography 11-12

This report will focus on two topics. The first outlines the implications of the economic trends during the post-war period. During this part the economic trends will be specified, and several tables and figures will be used to show the statistic facts of that period.

The second topic will analyse the role of the three organisations- International Monetary Fund, World Bank, World Trade Organisation- in the development of the global economy during the post-war period. A historic reference will be done, their objectives will be analysed and finally their actions during this period will be outlined.

In order to measure the economic growth of t

· United Nations Centre on Transational Corporations

Among the years 1973-78 the IMF broadens its functions. Firstly, it continues to reinforce the exchange of national currencies among different countries, avoiding any restrictions. Secondly, it provides advises to its members in respect of their economic policies in order to avoid any potential problems. Thirdly, it continues to provide financial assistance to member nations. Along the 50 years of its existence the IMF also helped by providing technical assistance in organising central banks, tax system etc.. Finally in order to strengthen the liquidity of its members, the IMF issues special type of money known as SDR over 21.4 billion SDRs have been issued, which is equivalent to $30 billion.

The above table summarises the country composition of world trade from 1955 to 1985. The most obvious feature is its huge growth. After the Great Depression (1920 and 1930) where the share of output traded was reduced by 40%, it fell further more during the II World War (The openness of trade was again achieved only by 1975). During the 1970s the oil crisis occurs, which results to a significant rise in its price. The industrial countries had to increase exports to pay for higher priced oil. Within the general growth there is clearly a stumble between 1980 and 1985. Declining trade volumes over 1980-1982 come as a result. As Europe recovered from the war its share increased rapidly, but after 1960 Japan became the most dynamic group.

Table 3 illustrates the unemployment average % per annum.

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Approximate Word count = 2007
Approximate Pages = 8 (250 words per page double spaced)