World Trade Organization (WTO) - global organization that helps countries and producers trade fairly and effectively.
International Monetary Fund (IMF)Intergovernmental organization with
its headquarters in Washington, DC. that focuses on maintaining international economic stability.
Here's a list of some other very useful words and phrases for preparation for IELTS Globalization topics.
Additional vocabulary
antiglobalization movement - s asocial movement critical of the globalization of corporate capitalism. (Wikipedia)
local (relating to a particular area, city or town) /
national (relating to an entire nation or country) /
domestic (relating to, or made in your own country)
integration (the act of bringing together smaller components into a single system that functions as one) / cooperation (a situation in which people work together to do something)
multilateral (involving more than two groups or countries) / unilateral (involving only one group or country)
progress (the process of improving or developing something over a period of time) /
development ( the actor process of growing or causing something to grow or become larger or more advanced)
protest (an event at which people gather together to show strong disapproval about something) strike (a period of time when workers stop work in order to force an employer to agree to their demands) / demonstration ( an event in which people gather together in order to show that they support or oppose something or someone)
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