oussama94
05-28-2017, 19:31
Since the demise of Bretton Woods, the IMF has worked closely with
another progeny of Bretton Woods: the World Bank. Together, the two institutions
now regularly lend funds to developing nations, thus assisting
them in the development of a public infrastructure capable of supporting
a sound mercantile economy that can contribute in an international arena.
And, in order to ensure that these nations can actually enjoy equal and legitimate
access to trade with their industrialized counterparts, the World
Bank and IMF must work closely with GATT. While GATT was initially
meant to be a temporary organization, it now operates to encourage the
dismantling of trade barriers—namely tariffs and quotas.
another progeny of Bretton Woods: the World Bank. Together, the two institutions
now regularly lend funds to developing nations, thus assisting
them in the development of a public infrastructure capable of supporting
a sound mercantile economy that can contribute in an international arena.
And, in order to ensure that these nations can actually enjoy equal and legitimate
access to trade with their industrialized counterparts, the World
Bank and IMF must work closely with GATT. While GATT was initially
meant to be a temporary organization, it now operates to encourage the
dismantling of trade barriers—namely tariffs and quotas.