similarities of WTO and IMF

• Promotion of global economic stability

  • WTO: Facilitates rules-based trade to reduce conflict and maintain stable global commerce.➤ Example: WTO Dispute Settlement Body resolves trade disputes — over 600 handled since 1995.
  • IMF: Offers financial support and surveillance to maintain economic stability and prevent crises.➤ Example: IMF lent over $50 billion to Argentina during its debt crisis.
• Support for economic liberalism and free markets

  • Both institutions promote open markets, privatisation, and reduced trade barriers.➤ Example: IMF SAPs pushed liberal reforms; WTO membership requires market openness.
• Global governance influence

  • Both act as central pillars of the liberal economic order and influence state behaviour through conditionality and rules.➤ Example: WTO can penalise countries violating trade rules; IMF imposes conditions for lending.