Why what the World Trade Organization does matters

world trade organization: Image of WTO flag flying next to a Swiss flag
This entry is part 1 of 3 in the series The Neoliberal World Trade System

What is the World Trade Organization? I often find useful definitions on the website Investopedia. Created in 1995, the World Trade Organization (WTO) is an international institution that oversees the global trade rules among nations. It superseded the 1947 General Agreement on Tariffs and Trade (GATT) created in the wake of World War II. What does the World Trade Organization […]

What is the International Monetary Fund (IMF)?

International Monetary Fund: image of a sign, presumably one on their building
This entry is part 2 of 3 in the series The Neoliberal World Trade System

Disclaimer: I’m learning, so while I strive for accuracy, I’m open to the idea that I don’t fully understand what this international organization does, or how it operates. This is especially true as the International Monetary Fund is in some ways like a bank, and in other ways not like a bank. Is the International […]

What is the World Bank?

The World Bank: An image of their logo
This entry is part 3 of 3 in the series The Neoliberal World Trade System

The World Bank consists of two of five organizations that together make up the World Bank Group. The World Bank Group The World Bank These two organizations make up The World Bank. IBRD: International Bank for Reconstruction and Development They lend to governments of middle-income and credit-worthy low-income countries. IDA: International Development Association They make […]