Relationships are a curious thing. Regardless of the agents involved, one thing usually holds true: relationships have the power to bring change; for better or for worse. Developing countries joined the International Monetary Fund (IMF), World Bank (WB) and World Trade Organization (WTO) about six decades ago with the hopes for sustainable development. The IMF and WB were established in 1944 at the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire. Appropriately named the Bretton Woods institutions, they were charged with reconstructing the global economic system after World War II. The General Agreement on Tariffs and Trade (GATT) was formed three years later with the aim of facilitating international trade, and was replaced by the WTO in 1995. Today, these institutions are three of the largest power houses when it comes to global affairs. And like it or not, their influence is so great that even the most remote areas of the world eventually experience t...
Ghana, Africa, Development, Lifestyle: A Panoramic View of the Exchange Called Life.