Explain the impact the General Agreement on Tariff and Trade had on these organizations, if any?
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The three organizations namely WTO (World Trade Organization), IMF (International Monetary Fund) and IGO (Inter-Governmental Organization) are related to each other and also complement the operations. However, they differ on the basis of their mission and the reason behind their existence.The differences between IMF and WTO have been summarized under:
• WTO seeks to promote international trade by encouraging member nations to refrain from the use of trade barriers and encourage in globalization. On the other hand, IMF is focused on the monetary policies and balance of payments of the economy and strives to raise the standards of the economy...