Center for Global Studies CGS 1023 Lecture Notes - Lecture 3: Bretton Woods Conference, International Trade Organization, General Agreement On Tariffs And Trade
31 Mar 2019
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Document Summary
Others say not if you have an agency in the society. There are limits to these changes that agencies can make in reality. Any changes you bring about are in the paradigm of the structure. The crisis: 1940s, post ww2: ww2 had just ended, world economy is in disarray, rising unemployment, new independent states (decolonization) Ecuador, egypt, india, guatemala, haiti, iran, iraq, lebanon, mexico, nepal, nicaragua, Notion that trade prevents war and brings about peace. Idea that all countries can convert their currency to usd developed industrial world: the goal was maximizing global wealth and increasing efficiency, not on equity or equal distribution, 3 regulatory institutions were set up, bretton woods conference enabled. International trade organization (gatt - general agreement on trade and tariffs) (wto) Formalization of us and uk dominance into an international monetary agreement. Imf got into surveillance of national economic policies and disciplinary controls over them.
