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World Finance Organization - Discussions for the Future; OPEN TO ALL
Topic Started: Nov 21 2013, 06:22 AM (1,111 Views)
Mestra
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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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Nentsia
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What about regional banks, that have annual meetings and cooperate together - but being fully autonomous? Like there is a community of humanitarian organizations that focus on different parts of Oracia, but do work together as much as possible.
Edited by Nentsia, Nov 25 2013, 07:08 AM.
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Lines
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Nentsia
Nov 25 2013, 07:02 AM
What about regional banks, that have annual meetings and cooperate together - but being fully autonomous? Like there is a community of humanitarian organizations that focus on different parts of Oracia, but do work together as much as possible.
The regional banks would be attempting to meet the needs of the local developing/wartorn states, yes. That's more of to establish a sphere, than humanitarian efforts though. The two subjects are related...so I guess later coordinating to save the world from injustice would be doable.

Flo
Nov 25 2013, 06:59 AM
I don't know about keeping foreign powers out. That ends up being really frustrating for the foreign powers ;) We have more than enough of that already I think.
Then don't complain. :p
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Mestra
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Well my original idea seems to have fallen by the wayside despite original support :(

At any rate here is my proposal for the structure of the organization.

Name: World Finance Organization or World Finance and Trade Organization (dependent on some items)

Structure: The WFO or WFTO will be headquartered in Cias, Mestra and will be divided into four economic development zones. Caprecia will be divided into the Western Caprecian Zone and Eastern Caprecian Zone. As I don't know much about Nysa I will not attempt to divide the area.

Each EDZ will contain either a single Sphere Bank or Two REgional Banks. i.e. for Eastern Caprecia there could either be a single Bank that oversees the Zone or Syntreal and Zaroca have their own regional banks.

These banks will hold members from within their sphere or zone only, and the banks will issue economic development loans in the Zone only. In either case I presented above the single or two regional banks may issue economic loans inside the Economic Development Zone. This insures that the local nations have more influence and assist their fellow nations in their region or Zone.

Each bank will be allowed to conduct other banking matters as determined by the region or Zone. All banks will adhere to the global system issued by the WFO. The WFO will receive funds from the banks to hold in reserve in part to respond quickly to global events. The portion of funds sent to the WFO Central Bank will be determined by the Regional Banks but may be no less than a set percentage or value.

It will be up to the regions or Zones to determine exactly which system of banking they will utilize and at which location the bank will be located.

Additionally, these banks will be interconnected through the WFO HQ and will coordinate global funds, transactions, and adherence to international, regional, and national laws.

For Trade portion:

The WFO will work to promote free trade agreements and fair trade. Fair trade will be defined as accurate conversions of currency, confirmed transaction payments, and prevention of defined extortion of a poor nation as defined by the global community. The WFO will oversee trade disputes between members when asked to do so, and will act as a neutral third party to help the various sides reach an agreement. Additionally the WFTO in this case if the Trade portion is added can issue trade sanctions for violations of international and regional law, as well as violations of trade agreements should a member nation request a sanction be made. The process for trade sanctions must be more clearly be defined of course, and ultimately the WFTO will have no actually means to enforce the agreement, unless the WFTO can restrict the Banks from issuing funds to the sanctioned nation and any nation who continues to support them.

Lastly the Banks themselves may operate more freely dependent on the members of the bank, some banks may be more charitable with lower interest rates, while others may have higher ones, this is all regional dependent of course. Some regions are more highly developed than others.

I hope this system is appealing, and it will help to build up our regions with the regions or Zones focusing on themselves, while also connecting the global financial system together, an ultimate goal to unite the planet for RP purposes of course.


Ultimately most things to me are Innate RP, which means if nations agree to this plan and sign the Charter say, most things don't need to be RPd but are assumed to work. I hope this will provide another layer for RP and make the world a little bigger? or smaller depending on how you look at things.

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Mestra
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Any opinions on the latest proposal.

Also it could be very possible for existing banking systems to be utilized as the REgional banks.
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Anakinexi
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I can't help but say that by the way this is developing, I am incredibly troubled. It sounds like to me that you're wanting to set up a system too similar to the real-life global economic system in place now, and we all know how well that's worked out in recent years. I don't think the socialist-leaning United States that I RP, as an emerging power in Syntrael, would want to be involved in this knowing the possible damage that could be inflicted on it. Free trade agreements are out of the question as far as the U.S. would be concerned. Look at NAFTA in real-life and see how much it royally screwed the U.S. economy. The banking part of the proposal is even worse for me to stomach, because such a thing can easily be used in a political way, giving loans to countries the World Bank likes more and stiffs those it doesn't like. The blueprint for such abuse is sitting right in front of you guys.

So, unfortunately, I'm withdrawing from this, and the United States will not join this organization.
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