Acronyms

WTO

• deals with the global rules of trade between nations
• it’s main function is to ensure that trade flows as smoothly, predictably and freely as possible
• the goal is to help producers of goods and services, exporters  and importers conduct their business

"99%"

• is a political slogan used by the Occupy movement (movement against social and economic inequality)
• «We are the 99%»
• the 99% are paying the price for the mistakes of a tiny minority within the upper class
• started in the US, but is now an international movement

IMF

• international fund is an international organization that was initiated in 1933 at Bretton Wood Conference 
• was formally created in 1945 by 29 member countries

The World Bank

• a United Nations international institution that provides loand and developing countries for capital programs 
• the World Bank’s official is the reduction of poverty

United Nations

• an international organization to promote international co-operation
• created following the second world war to prevent another such conflict
• 193 member states
• the UN headquarter is situated in Manhattan, New York City
• also has main offices in Geneva, Nairobi and Vienna
  

Great recession

• a term used to describe the general economic decline observed in world markets around the end of the first decade of the 21st century
• the recession is often associated with the US subprime mortage crisis and financial crisis of 2007-2008
  

Occupy Wall Street

• started with demonstrations  in New York City the 17th of September, 2011
• the demonstrations had spread to at least 70 cities in the US
• the demonstrations spread to other countries, like Germany England and Italy
• demonstrated against social and economic inequality, greed and corruption
• used the slogan «we are the 99%»
  

Globalization

• the process of international intergration arising from the interchange of world views, products, ideas and aspects of culture
• the world is getting «closer»
• we affect each other
  

NGOs

• a non-govermental organization is any nonprofit, voluntary citizen’s group which is organized on a local, national or international level 
  
  
  
  Sources:
  http://www.wto.org/english/thewto_e/thewto_e.htm
  http://en.wikipedia.org/wiki/World_Trade_Organization
  http://en.wikipedia.org/wiki/We_are_the_99%25
  http://wearethe99percent.tumblr.com
  http://www.imf.org/external/about.htm
  http://en.wikipedia.org/wiki/International_Monetary_Fund 
  http://www.worldbank.org/en/about
  http://en.wikipedia.org/wiki/United_Nations
  http://en.wikipedia.org/wiki/Great_Recession
  http://no.wikipedia.org/wiki/Occupy_Wall_Street
  http://en.wikipedia.org/wiki/Globalization
  http://en.wikipedia.org/wiki/Non-governmental_organization