This series contains posts about what I’m calling the Neoliberal World Trade System, whose foundation entities are The World Trade Organization, The World Bank, and The International Monetary Fund.
What is the World Trade Organization? I often find useful definitions on the website Investopedia. Created in 1995, the World Trade Organization (WTO) is an international institution that oversees the global trade rules among nations. It superseded the 1947 General Agreement on Tariffs and Trade (GATT) created in the wake of World War II. What does the World Trade Organization …
Why what the World Trade Organization does matters Read More »
Disclaimer: I’m learning, so while I strive for accuracy, I’m open to the idea that I don’t fully understand what this international organization does, or how it operates. This is especially true as the International Monetary Fund is in some ways like a bank, and in other ways not like a bank. Is the International …
The World Bank consists of two of five organizations that together make up the World Bank Group. The World Bank Group The World Bank These two organizations make up The World Bank. IBRD: International Bank for Reconstruction and Development They lend to governments of middle-income and credit-worthy low-income countries. IDA: International Development Association They make …