Creating the International Trade Organization Case Solution
US State Department’s officials in the 1940s began campaigning for the development of an International Trade Organization (ITO). This new organization would manage world-wide negotiations on foreign direct investment, trade liberalization, cartels, and commodity arrangements; and it would complement the World Bank and the IMF, both that were located at Bretton Woods with the objective of showing the international monetary flows in 1944.
Collectively, the IMF, the World Bank, and the ITO would include a comprehensive system for the direction of international economic affairs. As it turned out, however, the proposed ITO proved exceptionally controversial both within America and around the world. When the ITO Charter to congress was sent by President Truman in 1949, lawmakers there had to decide whether to support this item of intense international negotiations that took place in 3 years or simply to let it die an unceremonious departure in Washington, D.C.
PUBLICATION DATE: February 27, 1998
This is just an excerpt. This case is about GLOBAL BUSINESS
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