Study Guide 6 - ! Week 6 Study Guide The Reconstruction of...

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21 Week 6 Study Guide The Reconstruction of the Global Economy, 1945-1971 Reading: Rodrik, The Globalization Paradox , pp. 67-76, 89-101 Video: The Commanding Heights Episode 1, Chapter 6 The American Experience: Truman , Chapters 20-22, 20 minutes Round Trip: The U.S.A. in World Trade, 1952 Timeline: Bretton Woods Conference 1944, also known as the United Nations Monetary and Financial Conference, held to make plans for post-WW2 international economic cooperation similar to Atlantic Charter, Direct result was the creation of three institutions (IMF, International Bank for Reconstruction and Development (World Bank) and International trade Organization was proposed to expand international trade (GATT) only for nations attending did not sign The Gold-Dollar Standard 1944, similar to the gold standard, every currency have a fixed exchange rate to the dollar, financial flows restricted by national controls over short-term capital, Nations given more flexibility run trade deficits, increase money supply and pursue Keynesian macroeconomic policies The International Monetary Fund 1944, IMF, created at Bretton Woods, main responsibilities are to promote international monetary cooperation, facilitate the expansion and balanced growth of international trade, promote exchange stability, assist the establishment of a multilateral system of payments and making its resources available to members experiencing balance of payments difficulties (generally responsible for ensuring the stability of the international monetary and financial system) . The World Bank 1944, created at Bretton Woods, consist of two institutions, International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA). The World Bank group consists of International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA) and International Centre for Settlement of Investment Disputes (ICSID)
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22 The United Nations 1945, international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and the achieving of world peace. Replaced League of Nations to stop ward between countries and provide a platform for dialogue. The UN is divided into administrative bodies, the General Assembly, the Security Council, the Economic and Social Council, the Secretariat, the international Court of
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This note was uploaded on 11/09/2011 for the course INTB 3353 taught by Professor Prodan during the Fall '08 term at University of Houston.

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Study Guide 6 - ! Week 6 Study Guide The Reconstruction of...

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