Importance and Impact of Global Institutions Assignment

Importance and Impact of Global Institutions - Assignment Example Global institutions also play a vital role in protecting the environment such as by facilitating the signing of treaties to protect the environment. The UNEP, a branch of the UN, concerns itself with matters environmental protection, warns the human race of deteriorating environmental state (as evidenced by phenomenon such as global warming), and teaches on ways of conserving the environment for future generations. On the social front, organizations such as the International Monetary Fund and the World Bank have been instrumental in funding social projects (such as availing water to poor communities and providing relief in form of food and medicine to the less fortunate like refugees) aimed at enhancing human lives. Global institutions equally play great roles in stabilizing world economies and the economies of the regions in which they operate. The WB and the IMF are particularly known to inject (bailout/ loan) massive amounts of cash into struggling economies that can barely afford to look after their citizens with what they have. These institutions, together with world governments, endeavor towards the eradication of hunger and poverty, initiating global partnerships that spur growth, promoting gender equality and empowering women for development, attaining universal primary education, enhancing maternal health, reducing child mortality, fighting disease (that lowers economic potential of economies) and facilitating stable environments for business. These goals aid in the economic growth of an area and the world at large and are especially important for the developing world.