A Conceptual Study on World Trade Organization and International Monetary Fund

Anita Devi

Abstract


The relevance of international organizations such as WTO, IMF and UN is very significant for economic development of nation. The international trade is very common nowadays due to the development of an economy. The international trade is generally associated with the relationships among the nations. The international organizations bring closer the various economies through its international presence and scope. Thus, various problems regarding monetary issues, exchange problems, poverty and reducing disharmony are solved by the international organizations. The international trade is expanded with the involvement of nations that has made possible by the contributions of international organizations. In present scenario, these plays vital role in spreading harmony among the various nations of the world. The present study is an attempt to explain the role of WTO, IMF and World Bank and study the concepts of international organizations.

Keywords


Economic Growth, WTO, IMF, World Bank

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