Chapter 8: International Economics: Basic Theory and Core Institutions


Your staff begins putting the pieces in place to institute a comprehensive system of tariff and non-tariff barriers. Next on the agenda: will you engage with international institutions?

What do you do now?

Engage with international institutionsSeek to join the World Trade Organization, the International Monetary Fund, and the United Nations, so you may have access to aid from the World Bank. These organizations will help with your development, as well as help provide international recognition of and legitimacy to your independence.
Do not engage with international institutionsFor the time being, it is important to allow Abkhazia to develop independently. Additionally, the IMF (and others) condemn protectionism. It is best to develop a strong economic base and then reevaluate in the future.