The WTO  is an organization for trade opening. It is a forum for governments to negotiate trade agreements. It is a place for them to settle trade disputes. It operates a system of trade rules. Essentially, the WTO is a place where member governments try to sort out the trade problems they face with each other.

The NATO is an intergovernmental military alliance between  29 North American and European countries that wants to keep the world peace.

The UN e.g maintains international security, protects human rights, delivers humanitarian aid and promotes sustainable development.

Globalization describes how the different countries in the world interact to with each other and get closer. Basically all people around the world are very close because of the advanced technology we got nowadays. In this way we can trade and exchange information easily and this would lead to opportunities of expanding our economies, for example. Anyway, there are still some hidden disadvantages like exploiting undeveloped countries due to their extremely low salaries, so they can produce in a much cheaper way.

An imported product I use every day is my phone from the brand Apple. This is called                 ,,Iphone 6s” and was released for the first time on September in 2015 but I eventually bought it a couple of years later to avoid paying the ridiculous retail price of 739 € containing the least Gigabytes. This means you would have paid even more if you wanted more GBs. 64GB cost 849€ and the version with 128GB  959€. The Iphone contains parts from Germany, Taiwan, China, Japan, Switzerland and from the Netherlands as well, but at end all these parts are screwed together in China with a Taiwanese company giving orders. The production cost have a total of 238€, from which 9€ correspond to the Chinese manufacturer. Know you have an idea of how much profit Apple makes.