In the second half of the 20th century, GATT, the World Bank and the International Monetary Fund were regarded as the three pillars supporting the world economy, trade and financial structure.
These three pillars actually originated from the Bretton Woods Conference held in 1944. The latter two are also called Bretton Woods monetary system.
Extended data:
The formation of the post-war capitalist world economic system
1,1At the end of the 9th century and the beginning of the 20th century, capitalism entered a monopoly stage, and major capitalist countries gradually abandoned their free trade policies and implemented trade protectionism.
1929~ 1933 The worldwide economic crisis has prompted governments to strengthen trade protection measures, leading to a further contraction of international trade. The profound lessons have prompted countries to realize the necessity of international trade coordination and cooperation.
2. From 65438 to 0947, 23 countries including the United States and China signed the General Agreement on Tariffs and Trade.
The purpose of the General Agreement on Tariffs and Trade is to reduce tariffs and trade barriers and realize trade liberalization on the basis of reciprocity and non-discrimination.
Objectively created a free trade environment and promoted the development of the post-war world economy.
3. The international monetary fund, the International Bank for Reconstruction and Development and the General Agreement on Tariffs have adjusted the world economy, trade and finance.
The emergence of the three economic pillars reflects the development of the world economy in a systematic and institutionalized direction. On this basis, the post-war capitalist world economic system was formed.
Reference source: Baidu Encyclopedia-International Monetary Fund
Source: Baidu Encyclopedia-General Agreement on Tariffs and Trade
Source of reference: Baidu Encyclopedia-World Bank