After World War II, many organizations were formed in order to facilitate trade and contribute to make this world a better place. Karol Boudreaux describes the organizational structure, objectives and criticism of three of these post-World War II organizations: The World Trade Organization, the International Monetary Fund, and the World Bank. She explains that the International Monetary Fund and World Bank, which were created in 1946, have shifted their original mission and objectives. The World Bank, for example, used to focus on eradicating poverty through making loans for infrastructure, but now it focus on AIDS, malaria, and promoting environmental sensitivity. The World Trade Organization, on the other hand, was not officially founded until 1995, and it was created to implement the agreements of trade. Furthermore, Boudreaux lists some of the criticisms that have been made about these institutions such as their lack of transparency and the difficulty of accomplishing their goals.
Karol Boudreaux is a senior fellow at the Mercantus Center and…
Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.
Universidad Francisco Marroquín