What is democracy global level

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What is democracy global level

Posted by Swaraj Kale 7 years, 2 months ago

CBSE > Class 09 > Social Science

1 answers

Yogita Ingle 7 years, 2 months ago

There are certain issues which do not come under the purview of a country or even under a small group of countries. These issues are discussed and resolved at various international forums.
United Nations is a world organization which makes convention on international law, security, global cooperation and social equality. The UN Secretary General is its chief administrative officer.
Important issues on international security are discussed and resolved by the UN Security Council.
The International Monetary Fund (IMF) and the World Bank lends money to governments as per the situation.
These organizations are association of different countries. Initially, they came into origin because of initiative of the developed and powerful countries. The power equation in these organizations depends on the relative amount of fund received by a particular country. Since USA is the largest contributor of funds, hence it enjoys the maximum power. There are times when a decision made by the world bodies may not be democratic at all.
The UN Security Council has 5 permanent members and 10 temporary members. The 10 temporary members are elected by the General Assembly for two year term. The permanent members enjoy veto power in the Security Council. There are many examples of misuse of veto power by the permanent members.
The International Monetary Fund presents the same situation. More than 52% of its votes is contributed by 10 member countries, viz. US, Japan, Germany, France, UK, China, Italy, Saudi Arabia, Canada and Russia. The World Bank has a similar system of voting. The President of the World Bank has always been a US citizen and is nominated by the Treasury Secretary of the US government.

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