Definition: International Economic Order

International Economic Order - "this order includes all economic relations and institutions, both formal and informal, that link people living in different nations. These economic institutions include international agencies that lend capital, provide shortterm credit, and administer international trade rules. Economic relations include bilateral and multilateral trade, aid, banking services, currency rates, capital movements, and technological transfers." - source: Economic Development 4th Edition by E. Wayne Nafziger

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