Tag: function & history
World Trade Organization (WTO): Purpose, power, function & history
What is the World Trade Organization? The world trade organization (WTO) is a global organization that aims to promote free and fair trade among nations. Established in 1995, it serves as a forum for member countries to negotiate and enforce trade agreements, as well as settle trade disputes. The WTO plays a crucial role in …
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International Monetary Fund (IMF): Purpose, power, function & history
What is the IMF? The International Monetary Fund (IMF) is an organization that plays a crucial role in the global economy. It was established in 1944 to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries to transact with each other. The IMF has evolved over …
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