8. Transportation and Global Supply Chains
International trade has been growing at a phenomenal rate ever since the end of World War II. Some of the institutions that were created at the end of the war were specifically designed to stimulate and grow trade between different nations of the world. The Bretton Woods Conference in July 1944 led to the creation of these entities:
The International Monetary Fund (IMF), which managed the stability of exchange rates and established an international system of payment
The World Bank, which has changed its ...