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The offices of the United Nations in Geneva (Switzerland), which is the city that hosts the highest number of international organizations in the world [1]. An international organization, also known as an intergovernmental organization or an international institution, is an organization that is established by a treaty or other type of instrument governed by international law and possesses its ...
v. t. e. International business refers to the trade of Goods and service goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries. Transactions of economic resources include capital, skills, and ...
Terminology. Depending on the academic institution, international relations or international affairs is either a subdiscipline of political science or a broader multidisciplinary field encompassing global politics, law, economics or world history. As a subdiscipline of political science, the focus of IR studies lies on political, diplomatic and ...
League of Nations. The United Nations (UN) is a diplomatic and political [2] international organization with the intended purpose of maintaining international peace and security, developing friendly relations among nations, achieving international cooperation, and serving as a center for coordinating the actions of member nations. [3]
Appearance. In international relations, multilateralism refers to an alliance of multiple countries pursuing a common goal. Multilateralism is based on the principles of inclusivity, equality, and cooperation, and aims to foster a more peaceful, prosperous, and sustainable world. [ 1 ] Middle powers play a crucial role in the international ...
International economics. International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns and consequences of transactions and interactions between the inhabitants of ...
However, a single organization may take the nominal lead on an issue, for example the World Trade Organization (WTO) in world trade affairs. Therefore, global governance is thought to be an international process of consensus-forming which generates guidelines and agreements that affect national governments and international corporations.
Definition and types. Stephen D. Krasner defines international regimes as "sets of implicit or explicit principles, norms, rules, and decision-making procedures around which actors' expectations converge in a given area of international relations". [1] Regimes "are more specialized arrangements that pertain to well-defined activities, resources ...