compare and contrast the world bank and world trade organization

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World Bank and World Trade Organization

The World Bank and World Trade Organization are two key players in the global economic arena , with one focused on development and the other on trade

World Bank , whose headquarters is located in Washington , centers on helping developing countries by providing them technical and financial assistance . It also aims to alleviate poverty by addressing important social issues such as water and sanitation , health and nutrition education , and gender equality through working and sustainable models Ultimately , World

Bank endeavors to help developing countries achieve their localized Millennium Development Goals to spur economic growth improve socio-political conditions , and uplift the quality of life of the people . The institution is currently involved in more than 1 ,800 projects in various sectors and themes in several developing countries Through partnerships with other stakeholders such as non-government organizations , academic institutions , private companies , and other donors and funding agencies , World Bank is able to successfully deliver these projects

Meanwhile , the Geneva-based World Trade Organization looks into trade regulations and ensures that trades between and among countries are undertaken within the proper principles of trading . In essence , World Trade Organization serves as a watchdog for all trade-related concerns More specifically , it advocates free , open and transparent trades that are non-discriminatory and promote fair market competition to drive development and the much-needed economic reforms . It also provides the platform to settle disputes and conflicting interests between and among countries

Members of both organizations consist...