The Role of International Organizations in The Regulation and Management of The World Economy and Security

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Valerii Morgun, Olha Dzhyhora, Taras Bilyk, Viktoriia Khurdei, Mariia Zub

Abstract

Introduction: The significance of international regulatory bodies for the world economy is very much a crucial element for the creation of a stable order and further democratisation of the world. In this regard, the author seeks to explore the means of the influence of these organisations on macroeconomic parameters, ratios, international trade, finances, and international benchmarks and norms.


Objectives: This research's focus is to analyse the contribution of international organisations to the development of the world economy, particularly the development of international trade, the maintenance of finance and economic stability, and the strengthening of sustainable development.


Methods: The research methodology takes a structured global economy view by making economic predictions and an outlook analysis. It depends on analysing statistical databases of photos of people members of international economic organisations, analytical papers of popular international economic centres, and forecasts by prominent economists.


Results: The investigation results point out the need to expand the collaboration in the space of relevance to advance the efforts to address the existing gaps. The article comprehensively deals with the significant processing that ought to be adopted to enhance the role of international organisations and help realise the goals of global governance. It considers the prospective directions of development of international economic organisations and mechanisms, as well as measures to increase their influence on forming a stable world economy.


Conclusions: Thus, the authors aim to evaluate the performance of these international organisations against the backdrop of the contemporary challenges facing the economy and their contributions to the development and integration processes. The study stresses the need for cost-effective and efficient international organisations in response to the dynamics of the global economy. Such an approach will systematically address international organisations' issues and challenges in the quest for global integration in Africa.

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