global economic order

The global economic order is the framework of rules, institutions, and relationships that guide how countries trade, invest, and manage financial systems worldwide. It helps facilitate international commerce, promote economic stability, and address shared challenges like inflation or recession. Key institutions like the International Monetary Fund (IMF) and World Trade Organization (WTO) oversee these interactions. This system aims to create a relatively open and predictable environment for economic activity across nations, balancing national interests with global cooperation to support sustainable growth and development.