The global phenomenon that reshaped trade patterns following World War II was globalization, characterized by the integration of national economies into a global economy. The establishment of international institutions like the International Monetary Fund (IMF) and the World Bank facilitated this shift by promoting free trade and economic collaboration. Additionally, the General Agreement on Tariffs and Trade (GATT) laid the groundwork for reducing trade barriers. This period also witnessed technological advancements in transportation and communication, which enabled businesses to operate globally. As a result, countries experienced increased economic interdependence, leading to both opportunities for growth and concerns regarding inequality and labor rights.