Describe the roles of the World Bank (WB)

Describe the roles of the World Bank (WB)

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Describe the roles of the World Bank (WB), International Monetary Fund (IMF), and World Trade Organization (WTO) in the acceleration of globalization.

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How WB, IMF, and WTO accelerates globalization

Globalization refers to the global integration of cultures, information technology, international trade, and investments (Hirst, Thompson & Bromley 2015). It can also refer to the process by which governments opens up economies both domestically and internationally. Globalization helps the developing countries to develop their economies because it enables international investors from developed countries to open up their businesses in these impoverished nations.

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