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International Economic Organizations

(2,195 words)

Author(s): Oberheitmann, Andreas
China is currently a major partner in the international exchange of goods, services, and capital. In the wake of the economic upheaval resulting from two world wars, a series of international economic organizations was created to support and promote the integration of national economies. The most important of these are: the World Trade Organization (WTO), the International Monetary Fund (IMF), and the World Bank group, which consists of the International Bank for Reconstruction and Development (…