WB, IMF, WTO - what They Stand for and what They Represent

In Class, on November 8, 2000 we studied a topic on “International Organizations.” Since World War 2 the number of International Organizations increased rapidly. International Organizations are an institutional mechanism to influence the behaviors and policies of state. I would like to discuss the main problems associated with World Bank, International Monetary Fund, and World Trade Organization.
International Monetary Fund and Word Bank were created in 1944, shortly before the end of World War 2, at a conference in Bretton Woods, New Hampshire. Both institutions were designed to help to rebuild Europe after the war, to promote international economic cooperation, and provide its member countries with short-term loans in order to trade with other countries. The World Trade Organization was established in 1995, but it was originally set up under GATT (General Agreement on Tariffs and Trade), that is already 50 years old. Today, these institutions are very different from the institution that helped postwar Europe. For example, the mission of the World Bank is: “To fight poverty with passion and professionalism for lasting results.”…