List and describe two international organizations that impact the global economy.

International Monetary Fund (IMF)-an organization of 189 countries, that work to foster global monetary cooperation, facilitate international trade, secure financial stability and reduce poverty around the world

The World trade organization (WTO)-is the only global international organization dealing with the rules of trade between nations

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answer; by working independently, the states have a high likelihood of developing innovative solutions that can be employed in other states;

for many centuries there were important factors which the economies of the muslim empires developed increasingly. they applied economic procedures in production, investment, finance, taxation and property. they used to tax certain goods (for example: harvest), they charged interest on money lent, they signed contracts with merchants; they relied on a common currency, and they used checks as well as promissory notes. with the money collected by means of taxation, the government provided the needy with an income. in addition, trading networks covered huge distances, so far regions started to have contact and exchange goods. this trade network covered areas of asia, africa and europe.