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the actors in the global financial system

This essay focuses on the actors in the global financial system. Write a concise summary of each document attach. (What the author says, the issues they discuss etc..)   2. Critically evaluate the content of each document.

 

the actors in the global financial system

. Write a concise summary of each document attached. (What the author says, the issues they discuss etc..)   2. Critically evaluate the content of each document (i.e. strengths and weaknesses) the evaluation must be guided by the key questions which are the following:  Who are the actors in the global financial system? Have financial crises changed the system of global governance? Are the mechanisms created for economic cooperation working to reach common policy objectives

The Economic Cooperation Organization or ECO is an Asian political and economic intergovernmental organization which was found in 1985 in Tehran by the leaders of Iran, Pakistan, and Turkey. It provides a platform to discuss ways to improve development and promote trade and investment opportunities. The ECO is an ad hoc organisation under the United Nations Charter.[3] The objective is to establish a single market for goods and services, much like the European Union.[4] The ECO’s secretariat and cultural department are locate in Iran, its economic bureau is in Turkey and its scientific bureau is situate in Pakistan.

The nature of the ECO is that it consists of predominantly Muslim-majority states.

This consists of the historically integrate agricultural region of the Ferghana Valley which allows for trade and common agricultural production in the border region of Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan. Free trade agreements between the industrial nations of Iran and Turkey are due to be sign[dubious – discuss] in 2017.[5] Likewise the Pakistan-Turkey Free Trade Agreement is due to be sign[dubious – discuss].[6] Pakistan has free trade agreements with both Afghanistan and Iran which are sign. The process of implementation, and currently most of Afghanistan trade is through Pakistan. And the Afghanistan-Pakistan Transit Trade Agreement is design to facilitate trade for goods and services for Central Asia via both Afghanistan and Pakistan.[7] This is in addition to the Ashgabat agreement which is a multi-modal transport agreement between the Central Asian states.[8]

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