Issues / Democracy & Governance
Today, member countries number 125 (nearly the whole world except China, some former communist countries, and a number of small nations) and WTO rules apply to over 90 percent of international trade.
The Clinton administration came into office espousing support for UN peacekeeping. Characterizing his policy as assertive multilateralism, President Clinton appeared enthusiastic about the creation of a small UN quick-deployment force and seemed unwilling to commit U.S. forces to UN operations.
UN operations are crucial in saving and improving lives throughout the world, especially in the development, social, health, and education arenas.
When war erupted in the former Yugoslavia in 1991, the U.S. kept its distance.
The economic crisis in Mexico has dampened enthusiasm in the U.S. for the extension of free-trade agreements throughout the Americas.
Over the past decade, nuclear weapons have been reduced from 70,000 to 40,000. The U.S. and Russia hold 97% of these remaining nuclear weapons.
Multilateral debt, the result of lending by the International Financial Institutions (IFIs), is contributing to the economic and social crisis that is overtaking many Low Income Countries (LICs).
With the end of the cold war and the demise of the Soviet threat, NATO must find new rationales for its existence.
Immediately following World War II, the major capitalist powers, dominated by the U.S. and Britain, met at Bretton Woods, New Hampshire to establish multilateral institutions to manage the postwar restructuring and expansion of the global capitalist economy. Two international financial institutions (IFIs) emerged from the July 1944 meeting: the International Bank for Reconstruction and Development (World Bank) and the International Monetary Fund (IMF).