Global Economic Structures

Definition

Global economic structures refer to systems or networks that govern international trade relationships among nations. These structures include policies related to tariffs (taxes on imports/exports), trade agreements (such as NAFTA or WTO), currency exchange rates, market regulations, etc.

Related terms

Bretton Woods Conference: The Bretton Woods Conference was held in 1944 with an aim to establish new rules for international monetary cooperation after World War II. It led to the creation of the International Monetary Fund (IMF) and the World Bank.

Marshall Plan: The Marshall Plan was an economic aid program initiated by the United States after World War II. It provided financial assistance to help rebuild war-torn European economies and promote stability.

Globalization: Globalization refers to the increasing interconnectedness and interdependence of nations through economic, cultural, and technological exchanges. It has greatly influenced global economic structures in recent decades.