The multilateral institutions created after WWII—the World Bank, IMF, General Agreement on Tariffs and Trade (GATT, later WTO), and the European Coal and Steel Community—represented two distinct poles: the American democratic West and Soviet-led autocracies, creating a bipolar political and military world.

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Evidence Quote

Major economic bodies like the World Bank, the IMF, the General Agreement on Tariffs and Trade, which later became the World Trade Organization, were founded, as was the European Coal and Steel Community... Together, these institutions were the world order, and they represented two distinct polls.

Source

How global trade killed the liberal world order | Business BeyondDW News
Created: 8/11/2026, 7:28:56 AM

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