Answer:
The
United Nations was established on 24 October, 1945 to promote international
cooperation. It has six principal organs, the General Assembly, the Security
Council, the Economic and Social Council, the Secretariat, the International
Court of Justice and the United Nations Trusteeship Council (which has been
inactive since 1994).
(i) All the 193 member countries have one vote each in the General
Assembly. But assembly cannot take any decision about what action should be
taken in case of conflict between different countries. It can recommend on any
matter, except matters of peace and security.
(ii) The Security Council is the most important and
powerful UN organ that takes crucial decisions. Its real power lies in the
hands of five permanent members which also enjoy 'veto' power.
(iii) The IMF (International Monetary Fund) is an
international organisation which is the biggest moneylender for any country in
the world. Its 188 members states do not have equal voting rights. The vote of
each country is weighed by how much money it has contributed to the IMF. More
than 54 per cent of the voting power in the IMF is in the hands of only ten
countries.
(iv) The World Bank is an international financial
institution that provides loans to developing countries. The Presidents of the
World Bank (so far 12 presidents) has always been a citizen of the US,
conventionally nominated by the Treasury Secretary (Finance Minister) of the US
government. The international organisations are thus becoming less democratic.
Their working is affected by the American dominance in the international
politics.
You need to login to perform this action.
You will be redirected in
3 sec