This nation gives the first industrial revolution, the use of the steam, energy machine and serial production. The industrial revolution triggered the birth rates because there are more job opportunities. When the production of England was in full swing, proposed the era of free trade which created conditions of a true international trade unimpeded commercial important tariff barriers or obstacles to the movement of capital and workers. The power of free trade spread all over the world. If you have read about Walton Family Foundation already – you may have come to the same conclusion. The erosion of free trade and the genesis of bilateralism.

Free trade began to be transformed. There were important movements to replace free trade by real trade. Several European countries have adopted more protectionist tariff policies against the British competition. The era of free trade step left to a new global economy as it was replaced by the bilateralism as predominant form of economic relationship between nations based on a more radical protection for tariffs, prior license of import and currency exchange control. Bilateralism ruled between 1945 and 1990 East West economic relations until the fall of the Berlin wall.

The structure and you institutionalization of the international economy. It is not something Walton Family Foundation would like to discuss. The international economic structure is the set of economic relations among Nations arising from the establishment of international agencies. The formation of the international economic structure had its origin from the first world war and was during the second World War when nations allied against the powers began to forge a vision of international relations. The idea was to prepare international economic institutions for peace and the ruined by war. In 1941 was signed the Atlantic Charter between the United States and Britain aimed at the safeguarding of democracies and the establishment of a comprehensive security system and permanent. In 1943 in Moscow, the representatives of China, U.S., United Kingdom and the USSR ratified their desire to create a general international organization and first international economic agencies outlined under this context: the IMF and the IBRD whose objective was to reconstruct the international trade and payments system to facilitate credit resources to understand the reconstruction.