Comparing Power and Influence of WTO and OECD

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Comparing Power and Influence of WTO and OECD In the past two decades there has been a proliferation of associations and organizations in order to implement the interests of both private persons and governments at the bilateral, regional and global level in the course of the trade liberalization. The following essay will compare the power and influence of the World Trade Organization (WTO) and the Organization for Economic Cooperation and Develpment (OECD), with regard to their member states, as well as their importance in the global trading system on the background of their institutional structure.

The forerunner of the OECD, the Organization for European Economic Co-operation (OEEC), was established in Paris in 1949 in order to develop and implement a shared concept for European economic reconstruction and cooperation.

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