Role Of International Economic Organizations In Globalization

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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.…show more content…
It was a need to have an institution which will provide ‘Aid’ or ‘need’ to regulate trade amongst nations and stabilize their economy. U.S.A. constructed a plan for the establishment of the international economic organizations and shared it with United Kingdom (U.K.) in 1943. At the end of 1944, U.S.A. and U.K. decided to have a conference in the Britton-Woods and disclose the plan to other countries. Total forty-three countries attended the conference which was held for total twenty-two days. In those twenty-two days, the entire structure of the international order was

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