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RP Time: OST
Population: XX Nations Technology: Post/Modern
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| World Finance Organization - Discussions for the Future; OPEN TO ALL | |
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| Tweet Topic Started: Nov 21 2013, 06:22 AM (1,110 Views) | |
| Mestra | Nov 21 2013, 06:22 AM Post #1 |
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Regional Power
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So here is my thought and what I want to work on. In the real world we have organizations such as teh World Trade Organization, the International Monetary Fund, and the World Bank. My goal, plan, and idea is to create an organization in Oracia that would function like all these organizations in one, with each area of focus being operated out of a different program/department if you will. The aims for this organization will be to promote fair trade, provide temporary monetary loans to developing nations, to oversee trade disputes, and to encourage economic growth through out the world through foreign investment and trade. Ideally I would like this organization's headquarters to be in Cias, Mestra as it is a top tier city, centrall located in Syntreal which is a neutral region for the most part (plus I just do :P), the program divisions must be positioned elsewhere where they will serve the most benefit. Likely, a facility would be in one of Nysa's largest and economically stable cities, while another would be in Caprecia in a similiar city. Focus now should be on what this organization will do and how it will operate, decide what it should be called, before we move on to drafting a Charter for it to operate. I believe that this endeavor is vital to promoting cross continent interactions and RP and to provide a base foundation for any future global endeavors and large scale organizations. Edited by Mestra, Nov 21 2013, 06:22 AM.
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| Mestra | Nov 21 2013, 06:34 AM Post #2 |
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Regional Power
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I will add that having a potential RP organization that helps developing nations may provide new means for RPing. Say people who want to or are RPing less developed nations would have new opportunities to RP by getting a loan or development money etc. etc. As for the World Bank, this organization can also provide an much broader connection between the worlds financial system, promoting further integration into globalization. Edited by Mestra, Nov 21 2013, 06:46 AM.
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| Nentsia | Nov 21 2013, 07:00 AM Post #3 |
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Politically incorrect history student
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Maybe its better to keep a ''WTO'' and a ''World Bank'' separate for it could be tricky if this would be a single organization: otherwise a single organization would receive money from rich countries and give it to developing ones, while at the same time regulating and advocating free trade between those countries. This could lead to some nasty constructions ----> which also offers rp opportunity though. Depends on what role you want this organization to play. |
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| Lines | Nov 21 2013, 07:20 AM Post #4 |
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Senior nation
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As I mentioned on the chat, Lanlania may support a bank if it makes profit. >.> Trade Organization...we can organize our own trade treaties, but okay...ish-ish. IMF...we may observe...but our money is our money, and if you aren't about to join our organization or give us something, you're unlikely to get any. <.< And, aye...they should be separate. ;P |
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| Mestra | Nov 21 2013, 07:22 AM Post #5 |
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Regional Power
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Perhaps you are right, though some have advocated making a profit through the world Bank. So the question there is whether to treat the World Bank like a true bank. Richer countries put money into savings, the Bank loans it out to nations who request loans, and they receive the payment back with interest, which it can use to pay on the savings in teh bank. As for RP purposes, I want to set up a good global foundation. I don't imagine free trade would be advocated here, but fair trade yes, of course it would aim to enforce trade agreements and would potentially oversee Trade Sanctions. As for the IMF type ideal, this is what the RL IMF stands for "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world" I think I said to integrate this because some ideas overlap. Specifically this organization would borrow the ideas of promoting cooperation, securing financial stability, promoting trade, etc. No money really for this, the aims would be to promote globalization. Edited by Mestra, Nov 21 2013, 07:26 AM.
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| Lines | Nov 21 2013, 08:39 AM Post #6 |
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Senior nation
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Fair trade is reasonable, albeit it seems like little more than a gesture. Enforce agreements though? How would it do that? As for trade sanctions...that might be unideal, though it depends on the exact definition of "oversee". I guess it would be reasonable for it to send out messages that "these people aren't cool, you should pressure them", but anything beyond that seems overbearing. If the IMF were to provide advisers, then it would be fine--Lanlania would be willing to participate. Giving money away, not so much. Sure, the ideas are similar--but each still serves a different purpose. The World Bank could be for profit, like a real bank, while the IMF...not sure what it /really/ does, in action. It looks like it loans out money in exchange for monetary policy reforms, while also keeping watch and distributing information on member's policies. I guess that isn't so bad...but what kind of is bad is having to give it money based on a quota. It could maybe be merged with the World Bank. |
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| Hadash | Nov 21 2013, 08:54 AM Post #7 |
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World Power
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In RL, the kind of countries who ask for a loan to the IMF or similar organizations are countries with serious economic problems, countries who have difficulties in finding funding in the world market. So as a business you'd be choosing one of the most ruinous ones, one formed by the worst customers you could find, likely with serious problems of political and social stability, and which could find difficult to pay in the agreed deadline. A secondary problem with that profit-orientation is...what's the point? This organization won't be formed by shareholders, but by Governments, and it is not reasonable they'd hope to obtain a considerable profit of it, rather the contrary. It's more about ideology, power, and influence. Yes, it's likely they will have interest rates, at least in most of the cases, but they would be probably more oriented to fund future operations and projects, and the growth of the organization, rather than expecting making real money of it. In a RP level, Abėrė would be probably interested, and maybe Molybdania, depending of the final orientation of both organizations. |
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| Nentsia | Nov 21 2013, 11:10 AM Post #8 |
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Politically incorrect history student
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100% agree with Hadash, but if we'd get a world bank, I'd like to announce that the Democratic Republic of Myeongju would like the biggest possible loan :3 |
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| Hahklallah | Nov 21 2013, 11:13 AM Post #9 |
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I make things
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Illuminati! Just kidding, Hahklallah might be inclined to see where this goes. Beaulieu and Neuvant would be in support of establishing these organizations. |
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| Blacaria | Nov 21 2013, 12:49 PM Post #10 |
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RP Minister, does plenty, has horrible pay.
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Aye, this seems something that Sainam can get around Austlenburg as well. As for Antova........MY MONEY !!!! |
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| Mestra | Nov 21 2013, 01:08 PM Post #11 |
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Regional Power
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For now, I can see the WFO consisting of the World Bank and an IMF like program which is what issues loans to nations. I do agree that a WTO should be a separate organization. |
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| Kingborough | Nov 21 2013, 04:26 PM Post #12 |
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The Monarchist
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I (as the Arrese Imperium) be happy to be involved in a for-profit world bank, and a WTO but IMF not so much. We don't like giving away our hard earned cash. Astoria won't have a foreign policy for most longer, and Dahlkive isn't incredibly rich.
Edited by Kingborough, Nov 21 2013, 04:28 PM.
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| Anakinexi | Nov 21 2013, 05:26 PM Post #13 |
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The Villain
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The United States would love to be involved in this. |
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| Falsea | Nov 21 2013, 07:22 PM Post #14 |
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Comrade-Chairwoman of the World Revolution
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Ah, the smell of bourgeois globalization lingers throughout the air.. ![]() Anyways, the People's Republic of Falsea might be interested in the idea of a World Bank-International Monetary Fund kind of organization, depending on the platform of our version, but regarding either a GATT or WTO, as an IRL opponent of such, then I'm afraid Falsea will not be interested in it. Not Ritterschild of course, who'll join such organizations on a whim to "open up to the world". |
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| Mestra | Nov 22 2013, 05:11 PM Post #15 |
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Regional Power
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For the time being I will be pursuing the World Bank, which will operate like a normal bank/central bank. Loans will be issued and interest will be claimed. Question is should this World Bank only loan to nations or should it loan to corporations and such as our purpose should be economic growth. |
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