Non-State Institutions Quiz

Non-State Institutions: Banks, Corporations, Cooperatives, and Trade Unions

Banks:

• Banks are financial institutions that offer various services such as loans, deposits, and money remittances.
• Banks serve as a financial intermediary between depositors and borrowers.
• Banks also act as a custodian of customer’s money.
• Banks have secondary functions such as currency exchange and safety deposit boxes.
• Retail banks focus on consumers while commercial banks focus on businesses and businessmen.
• Investment or industrial banks provide medium and long-term loans and deposits to business industries.
• Agricultural banks cater to the financial needs of farmers and the farming industry.
• The central bank is the main financial institution in a country since it supervises the monetary system in the country.

Corporations:

• A corporation is an organization created by shareholders.
• Corporations are legally recognized as a single person.
• Corporations are mandated to enjoy the rights, privileges, and responsibilities of an individual.
• Corporations have distinct and separate entities from the people who own it.
• Corporations can only be held accountable for their own debts and lawsuits.
• Corporations can be classified based on their purpose, manner of taxation, and number of shareholders.

Cooperatives:

• A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations.
• Cooperatives are mainly structured to benefit its members and to satisfy its members’ needs.
• Cooperatives have principles that uniquely characterize them.
• Cooperatives exist among different industries and are composed of different types of people.
• Cooperatives have different types, depending on their specific function and purpose.

Trade unions:

• Trade unions are organizations with a membership composed of workers or employees from related fields.
• Trade unions aim to represent the interests and rights of its members, both in the workplace and society.
• Trade unions work to improve issues such as wage adjustment, good working environment, and rewards and other benefits.
• There are different types of trade unions according to their members.

Transnational advocacy groups:

• Transnational advocacy groups are a collection of actors united by their commitment to work on and defend certain issues and causes that are relevant across several nations.
• Transnational advocacy groups use the power of information, ideas, and strategies to influence the value context within which states make policies.
• Actors in a transnational advocacy group can be a combination of advocates and activists, non-government organizations, foundations, church, media, politicians, or corporate business actors.
• The word ‘transnational’ characterize this network of actors since members of a transnational advocacy group come from different nations involved.
• The term ‘transnational’ also illustrates the group’s involvement in certain ‘trans-sovereign’ issues— issues that exist in multiple countries.Transnational advocacy groups aim to create and develop advocacies and campaigns for certain causes, issues, ideas, values, and beliefs to influence state actors to make policy changes for the betterment of people involved.

Transnational advocacy groups use four tactics to influence state behavior and policy-making: information politics, symbolic politics, leverage politics, and accountability politics.

Development agencies were formed as a response to crises like war damage and industrial decline, and they are institutions that provide help in support of a state's economic growth and social progress.

The roles of development agencies may include strategic roles, asset and investment roles, innovation, enterprise, skills, and employment roles, promotional roles, and capacity-building roles.

International organizations are institutions established by three or more states as voluntary members, formed through a formal agreement or treaty, in order to promote cooperation and coordination among them.

The main feature and characteristic of an international organization is that its membership is entirely composed of national states or governments, and these member states give power to the international organization.

International organizations tend to focus on different agendas, such as economic, humanitarian, or environmental in nature.

International organizations provide an avenue for different countries and states to connect, form international laws, norms, and ideas, and strengthen the relationship among member states.

Through the development of these norms, states are guided in their actions both locally and internationally, and there will be a body to monitor actions of member states and investigate those actions against humanity.

International organizations perform multiple functions that aim to improve the lives of people by pursuing different development agendas.