Power and influence of the WTO and OECD compared Over the last two decades there has been a proliferation of associations and organizations in order to implement the interests of both private and governments at bilateral, regional and global levels in the course of trade liberalization. The following essay will compare the power and influence of the World Trade Organization (WTO) and the Organization for Economic Co-operation and Development (OECD), with regards to their member states, as well as their importance in global trading system in the context of the global economic crisis. their institutional structure. The forerunner of the OECD, the Organization for European Economic Co-operation (OEEC), was founded in Paris in 1949 with the aim of developing and implementing a shared concept for European economic cooperation and reconstruction.