Supranational organizations such as the World Bank

(www.worldbank.org) and the World Trade Organization

(www.wto.org) oversee much of the legal framework within which the world trading system operates. Political frameworks for industries or country groupings are influenced by organizations such as the Organization of Petroleum Exporting Countries (www.opec.org) and the Organisation for Economic Co-operation and Development (www.oecd.org). Using globalEDGE™ and the online portals cited here, address the following question:

What is the goal of each organization, and how does it go about achieving its goal? By viewing the news and press releases at each website, summarize the latest initiatives of each organization.

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