Reforming the international financial system for development
Material type:
- 9780231157643
- 332.153 R3
Item type | Current library | Item location | Shelving location | Call number | Status | Date due | Barcode | |
---|---|---|---|---|---|---|---|---|
Books | Vikram Sarabhai Library | Rack 18-A / Slot 671 (0 Floor, West Wing) | General Stacks | 332.153 R3 (Browse shelf(Opens below)) | Available | 172874 |
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 enabled the dollar to fill the void, which has contributed to periodic, massive U.S. trade deficits. (http://cup.columbia.edu/book/978-0-231-15764-3/reforming-the-international-financial-system-for-development)
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