Explain the impact the General Agreement on Tariff and Trade had on these organizations, if any.
Page limit - 2 pages.
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Integration of global markets and promotion of free trade is the main aim behind all types of intergovernmental organizations. Consistent with the economic theories of comparative advantage, the consumption baskets of individuals would increase if their economies open themselves for trade. This report presents an analysis of the differences between three organizations - IMF, WTO and IGOs and the impact on GATT on these institutions....