Managing the World Economy: Fifty Years after Bretton Woods / Edition 1

Managing the World Economy: Fifty Years after Bretton Woods / Edition 1

by Peter B. Kenen
     
 

The international economic order established at Bretton Woods, New Hampshire in 1944 has contributed significantly to world growth and stability. But the world economy will be very different in the 21st century due to the end of the Cold War, the advent of new economic powers, and the globalization of markets and companies. The Group of Seven major industrial… See more details below

Overview

The international economic order established at Bretton Woods, New Hampshire in 1944 has contributed significantly to world growth and stability. But the world economy will be very different in the 21st century due to the end of the Cold War, the advent of new economic powers, and the globalization of markets and companies. The Group of Seven major industrial democracies, at their Naples summit in July 1994, decided to consider "What framework of institutions will be required to meet the challenges of the 21st century?" and "How can we adapt existing institutions and build new institutions to ensure the future prosperity and security of our people?"

This volume presents the results of an Institute conference at which leading experts and policymakers assessed the record of the Bretton Woods regime over the past half century and the need to modernize the system now. Specific proposals are made for reforming the international monetary and trading systems, including through changes in the roles of the International Monetary Fund, GATT and the new World Trade Organization, and the World Bank. The volume also assesses the case for creating new institutional arrangements to address several issues that have recently attained greater prominence on the global agenda -- investment, financial markets, the environment, and migration.

Read More

Product Details

ISBN-13:
9780881322125
Publisher:
Peterson Institute for International Economics
Publication date:
09/01/1994
Edition description:
New Edition
Pages:
430
Product dimensions:
6.05(w) x 9.04(h) x 0.84(d)

Table of Contents

Prefacev
IThe Past
1Managing the World Economy under the Bretton Woods System: An Overview3
Comment
Robert O. Keohane58
Richard Portes64
Emile van Lennep69
Klaus Engelen75
IIManaging the World Economy
2Managing the Monetary System83
Comment
Richard N. Cooper112
Shijuro Ogata117
Niels Thygesen120
3Managing the Trading System: The World Trade Organization and the Post-Uruguay Round GATT Agenda131
Comment
Alan Wm. Wolff152
Kenneth A. Oye156
Martin Wolf163
4Managing Development and Transition173
Comment
Marek Dabrowski201
William R. Cline210
Stephan Haggard215
Moises Naim223
IIIManaging the New International Economic Issues
5Managing a Market-Led Global Financial System235
6International Direct Investment: Strengthening the Policy Regime269
7The Case for a Global Environmental Organization287
8Migration311
IVThe Future
9Managing the World Economy of the Future341
Comment
Joseph Nye375
Paul Volcker381
Horst Schulmann386
10Summing Up and Looking Ahead395
VAnnex
The Bretton Woods Institutions and Global Governance409
Shared Prosperity and the New International Economic Order419
Conference Participants427

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >