Question

In: Economics

Global institutions (i.e. UN, IMF, et al) require the consent and cooperation of their member states. Recently, the United States has withdrawn from several

Global institutions (i.e. UN, IMF, et al) require the consent and cooperation of their member states. Recently, the United States has withdrawn from several (e.g. WHO and the Paris Climate Accord), threatened to withdraw from others (e.g. WTO and NATO), and choose not to participate in the Trans-Pacific Partnership. Can global institutions effectively carry on without the world’s largest economy, that is, the United States? What might be the alternative consequences for such institutions?

Solutions

Expert Solution

Global institutions such as UN ,IMF etc receive crucial fundings from the United States.When US decides to withdraw this may effect the funds of such world institutions.US remains the largest donor to the UN contributing one fifth of the body's collective budget.By withdrawing from Paris accord the second largest global emitter cold undercut collective efforts to reduce emissions.It will be difficult for the global institutions to carry out their functions effectively without the participation of worlds largest economy.


Related Solutions

Recently the United States has renegotiated several trade deals before the outbreak of the Coronavirus. Then,...
Recently the United States has renegotiated several trade deals before the outbreak of the Coronavirus. Then, as countries have isolated themselves, international trade has suffered. Analyze the repercussions from the virus with policy papers or books from economic think tanks. Identify possible unintended consequences using supply-and-demand graphs, comparative advantage determining trades, and elasticity.
Recently the United States has renegotiated several trade deals before the outbreak of the Coronavirus. Then,...
Recently the United States has renegotiated several trade deals before the outbreak of the Coronavirus. Then, as countries have isolated themselves, international trade has suffered. Analyze the specific trade deals with policy papers or books from economic think tanks. Identify possible unintended consequences using supply-and-demand graphs, comparative advantage determining trades, and elasticity.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT