This text introduces the governing body of Bretton Woods, which was established in 1944 at the Conference of Bretton Woods, New Hampshire. Starting with the economic circumstance after World War I, this essay outlines the importance of creating a supranational organization promoting international trade flows and monetary stability. after(prenominal) stressing the dominant role of the USA in this carcass its primary(prenominal) institutions, the International Monetary Fund and the
World cant, ar presented. Furthermore, the some important adjustments to the changes in the economic environment from the point of the systems establishment until now are explained. The systems crises in the 1970s especially are examined and latest activities are described. This review of the Bretton Woods system concludes with some future prospects. recent criticisms brought up by human rights activists are mentioned and the World asserts reactions to these criticisms are identified. Finally, ideas about a new system of Bretton Woods are introduced.
Table of Contents
|Topic |Page |
| opening |3 |
|History |3 |
|Development of the System |4 |
|The International Monetary Fund |6 |
|The World Bank |8 |
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