Answer to Question #290401 in Economics of Enterprise for celbert b ritual

Question

Discuss the significance of international organizations in promoting social and economic growth

Answer 1

International organizations have major roles in promoting social and economic growth especially in developing countries. Some of the roles include and not limited to;

1) Promoting international monetary cooperation,

2) Ensuring stability of exchange rates and orderly exchange arrangements;

3) fostering economic growth and high levels of employment

4) Providing temporary financial assistance to countries to help ease balance of payments adjustment.