Why Do International Economic Organizations Promote Globalization
The Role of International Economic Organizations in Promoting Globalization
‘International organizations’, the term itself indicates the meaning hidden behind these two words. These are the organizations active across the boundaries of the countries working with an international presence and scope. The international organizations are established for various fields like Social, Political, Cultural, economic and many more. Here, we would concentrate specifically on ‘International Economic Organizations’, their emergence and role in the global arena.
International economic organization basically immerged with end of World War II. At the end of World War II, across the world America stood as economically stable nation. Thus, to improve the all-round stability of the neighboring nations U.S.A. decided to establish some international institutions. U.S.A. single handedly drew up the plans for entire architecture that would govern the international economic relations in the post-war period. These international institutions started with the conference of Britton-Woods.
The most necessity at that time was to have at least one institution as ‘Monetary Organization’. It was a need to have an institution which will provide ‘Aid’ or ‘need’ to regulate trade amongst …show more content…
Being a member, countries need to follow the rules and regulations formed by the USA and European west in their favor by international economic organizations. To promote globalization across the world, the series of reform measures were initiated throughout the African and Latin American
‘International organizations’, the term itself indicates the meaning hidden behind these two words. These are the organizations active across the boundaries of the countries working with an international presence and scope. The international organizations are established for various fields like Social, Political, Cultural, economic and many more. Here, we would concentrate specifically on ‘International Economic Organizations’, their emergence and role in the global arena.
International economic organization basically immerged with end of World War II. At the end of World War II, across the world America stood as economically stable nation. Thus, to improve the all-round stability of the neighboring nations U.S.A. decided to establish some international institutions. U.S.A. single handedly drew up the plans for entire architecture that would govern the international economic relations in the post-war period. These international institutions started with the conference of Britton-Woods.
The most necessity at that time was to have at least one institution as ‘Monetary Organization’. It was a need to have an institution which will provide ‘Aid’ or ‘need’ to regulate trade amongst …show more content…
Being a member, countries need to follow the rules and regulations formed by the USA and European west in their favor by international economic organizations. To promote globalization across the world, the series of reform measures were initiated throughout the African and Latin American