Reforming the International Financial System for Development

Reforming the International Financial System for Development

The 1944 Bretton Woods conference created new institutions for international economic governance. Though flawed, the system led to a golden age in postwar reconstruction, sustained economic growth, job creation, and postcolonial development. Yet financial liberalization since the 1970s has involved deregulation and globalization, which have exacerbated instability, rather than sustained growth. In addition, the failure of Bretton Woods to provide a reserve currency… (more)

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Book Details  


Publisher: Columbia University Press (January 10, 2011)

Collection: Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization

Language: English


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