International economic institutions such as the International Monetary Fund, the World Trade Organization and the World Health Organization improve the economic situation of developing countries . International institutions as such govern globalization and the institutions that are supposed to enforce rules relating to international trade and identify violators. These rules are then negotiated by states where they generally formalize international agreements that are embodied in organizations. Developing countries would be more likely to adapt to such economic changes by these institutions rather than struggle to survive without them. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay The International Monetary Fund is represented through developing countries as a means of a form of insurance for governments against the possibility of an economic crisis. This means of insurance will likely provide an overall target of security for the arrangement aimed at first stabilizing a country facing a balance of payments crisis and then promoting growth and the ultimate goal of reducing the form of poverty . Kenneth Rogoff describes the IMF as “Critics must understand that developing country governments do not seek IMF financial assistance when the sun shines; they arrive when they have already encountered profound financial difficulties”. This implies that when a developing country faces financial difficulties it is due to the fact that the government does not promote a rather sound approach in management. The International Monetary Fund creates an opportunity for these developing countries to seek assistance since when economies are in difficulty the fund will be able to intervene where private financiers do not dare to pursue and also set rates for these rather unheeded countries . For example, South Korea and Thailand faced a prolonged free fall in the value of their currencies in 1997, which thanks to the IMF turned out to be a less damaging outcome than expected. The International Monetary Fund is not only a tool for developing countries to get assistance on how to deal with a financial crisis, but also consider its ongoing advice in an effort to prevent developing countries from getting into trouble. Many believe that the IMF was fully responsible when it came to advising on international capital movements. Critics believe the IMF is responsible for spreading the idea of ​​capital flows in Asia that led to the financial crisis. “In the months before the collapse of the Thai currency in 1997, IMF reports on the Thai economy described in stark terms the risks of liberalizing capital flows by keeping the national currency at a fixed level against the US dollar. The authorities did not listen, hoping instead that Bangkok would become a financial center like Singapore." The fund provides a key to the exchange of ideas and best practices for developing countries that will ensure that domestic production grows and prospers economically. of the implementation of trade agreements” as described by James McBride. The World Trade Organization has helped reduce overall barriers that generally prevent the production of goods and services created as a system for conflict resolution that some say reduce the threat of trade wars. This institution helps developing countries economically by allowing special provisions.