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United Nations, UNESCO, World Bank Group, European Union, and Mercosur

  1. The United Nations (U.N.) is an international organization that facilitates cooperation in international law, international security, economic development, social progress and human rights issues. It seeks to prevent war, to safeguard human rights, to provide a mechanism for international law, and to promote social and economic progress, improve living standards and fight diseases.
  2. UNESCO (United Nations Educational, Scientific and Cultural Organization) is an agency of the United Nations whose purpose is to contribute to peace and security by promoting international collaboration through education, science, and culture in order to further universal respect for justice, the rule of law, and the human rights and fundamental freedoms proclaimed in the UN Charter
  3. The World Bank Group is a group of five international organizations responsible for providing finance and advice to countries for the purposes of economic development and eliminating poverty. The World Bank's activities are focused on developing countries, in fields such as human development (e.g. education, health), agriculture and rural development (e.g. irrigation, rural services), environmental protection (e.g. pollution reduction, establishing and enforcing regulations), infrastructure (e.g. roads, urban regeneration, electricity), and governance (e.g. anti-corruption, legal institutions development).
  4. The European Union (EU) is a unique supranational and intergovernmental union of twenty–seven states and a political body. It was established in 1992 by the Treaty on European Union (The Maastricht Treaty).
  5. The The Mercosur, Mercado Común del Sur (Common Market of the South) is an ambitious economic integration project which includes the founding members Argentina, Brazil, Paraguay and Uruguay. In 2008, Venezuela, Chile and Bolivia became associate members. Peru, Ecuador, Colombia have expressed their willingness to join the group, and Mexico has shown a growing interest.

    Mercosur's main objective is to increase the efficiency and competitiveness of the all member economies by opening markets, promoting economic development in the framework of a globalized world, improving infrastructure and communications, making better use of available resources, preserving the environment, generating industrial complementation and coordinating macroeconomic polices. Achieving a common external tariff is one of the main goals of the block.

    In spite of the fact that the formal launching of Mercosur occurred in March 1991 with the Asunción Treaty signed by the four original member countries, the integration spirit in the region dates from far back and has a rich experience as well as multiple bilateral complementation agreements which helped pave the way for the new advancement.

Taken from – Test Your Knowledge


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