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| Author: | Bird, G. |
| Title: | The Bretton Woods institutions and the political economy of international monetary reform - introduction |
| Journal: | World Economy
1996 : MAR, VOL. 19:2, p. 143-148 |
| Index terms: | POLITICAL ECONOMY INTERNATIONAL MONETARY SYSTEM ECONOMIC CONDITIONS |
| Language: | eng |
| Abstract: | The IMF and the World Bank (the Bretton Woods Institutions or BWIs) were set up in the mid-1940s in an attempt to improve the performance of the world economy as compared with the 1930s when competitive and uncoordinated "beggar-my-neighbor" policies had contributed to world-wide recession and unemployment, as well as shrinking world trade. Whereas the Bank's principal task was to foster economic reconstruction and development, the Fund's role was to manage the operation of the Bretton Woods international monetary system. |
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