Economics » International Economic Organisations » Roles and Relevance of International Organisations

Introducing International Organisations

Following the serious economic conditions encountered worldwide during the Great Depression of 1930s, political leaders in both developed and less developed countries recognised that “no country is free from poverty until every country is free from poverty”.

Therefore, the desire to promote the economic well-being of their people coupled with the realization that trade and economic cooperation can be an important stimulus to rapid economic growth, led to the establishment of a number of international and regional organizations immediately after World War II (1939 – 1945).

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