The influence of Bretton Woods conference

In addition to changes in the economies of countries seeking to participate in the global market voluntarily or in other ways, the number of global financial institutions that manage the world and provide loans to countries has also increased, which has also promoted market liberalization and globalization (McMichael 2004).

In the changes of national economies or global markets, more and more global financial institutions have emerged to provide loans to countries and promote market liberalization and globalization.

After the Second World War, the Bretton Woods Conference established some key institutions and regulatory frameworks.

After World War II, many key institutions and regulatory agencies were born at the Bretton Woods Conference.

Sometimes called Bretton Woods institutions (named after aki Resort in New Hampshire, USA, where representatives from 45 countries gathered from July 1 day to 1944), these institutions include the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), which is one of the institutions of the World Bank Group. Subsequent meetings led to the signing of "Round" agreements aimed at promoting trade and resisting protectionism (Roberts 2002).

Sometimes called Bretton Woods institutions (named after a resort in New Hampshire, USA, from June 1944 to June 1 day to June 22 * *), these institutions include the International Trade Fund and the International Bank for Reconstruction and Development, one of the World Bank Groups. Later, after several rounds of negotiations, in order to promote trade and resist protectionism, the General Agreement on Tariffs and Trade was signed.

On the basis of the Uruguay Round of GATT, the World Trade Organization was established in 1995 1 month.

After the Uruguay Round, the World Trade Organization was formally established in 1995 1.

The World Trade Organization is usually regarded as the successor of GATT, with 149 members in 2005.

The World Trade Organization (WTO) is generally regarded as the product of the General Agreement on Tariffs and Trade, and by 2005, it had 149 member countries.

The World Trade Organization is different from a treaty because it has independent jurisdiction and the ability to enforce its rules on its members.

The difference between the World Trade Organization and the Treaty lies in its ability to independently manage and supervise the implementation of its provisions by its member States.

The World Trade Organization can formulate rules on the cross-border movement of commodities, currencies and production facilities, thus restricting countries from adopting legislation or policies that discriminate against such movements (McMichael 2004).

The World Trade Organization has formulated regulations on the cross-border circulation of commodities, currencies and production equipment, which restricts member countries from formulating laws or policies to treat these flows differently. (Marc Mitscher, 2004)

The World Trade Organization issued a ministerial declaration after the meeting, and the Doha Declaration in 2006 pointed out that "international trade can play an important role in promoting economic development and alleviating poverty.

Follow-up meeting of the World Trade Organization to announce the Prime Minister's Declaration. 200 1 Doha Prime Minister's Declaration pointed out: "International trade plays an important role in promoting economic development and eradicating poverty."

"We realize that all of us need to benefit from more opportunities and benefits brought by the multilateral trading system" (World Trade Organization 200 1).

We gradually realize that our people must benefit from the opportunities and profits brought by the multilateral trading system. (World Trade Organization, 200 1)

The World Trade Organization also administers the General Agreement on Trade in Services (GATS), which includes tourism under the category of "tourism and tourism-related services".

At the same time, the World Trade Organization issued the General Agreement on Trade Services, which included tourism in the category of "tourism and tourism-related services".

The goal of GATS is the liberalization of service trade, so member countries must allow foreign companies to enter their markets freely and not favor domestic companies (Scheyvens 2002).

General Agreement on Trade in Services (GATS) aims at liberalizing trade in services, enabling member countries to allow foreign enterprises to freely enter and leave their own markets and prevent domestic trade protectionism.

This will give foreign-funded enterprises with greater economic strength an advantage over domestic small enterprises.

This makes foreign enterprises gain more economic strength than domestic small enterprises.