GEOG 216 Lecture Notes - Lecture 30: Single Market, Doha Development Round, National Treatment
15 May 2016
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Document Summary
Bretton woods all about creating economic institutions for a post world order. Bw sets institutional basis of post war global era. The principal objectives: stabilize international financial situation and rebuild war- damaged economies. During the bw negotiations 2 institutions were actually created: International monetary fund managing monetary policy at the global scale. Negotiations also revolved around a third institution and this were the international trade organization, which was to be the 3rd leg of the 2 legged stool. There were discussions at bw this 3rd leg however did not materialize where as the first 2 did begin operations. Eventually what would happen is that the gatt was signed in. As the gap was created it was only with a few countries but what was decided was that those that signed the deal would: Countries would reduce trade barriers through multilateral negotiations. Countries would also agree not to raise them unilaterally.
