This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: • Established binding rules on international economic activities • Pegged national currencies to fixed gold value of US dollar, creating a stable money exchange system • Within these limits, allowed nations to control their own trade • Bretton Woods Agreement passed by U.S congress July 1945 • Established for new international economic New international economic institutions • International Monetary Fund (IMF) administered the international monetary system • International Bank for Reconstruction & development (World bank) Provided loans for Europeans post war reconstruction & funded industrial projects in developing countries around the world • General Agreement on Tariff and trade organization charged with fashioning B. The internationalization of trade and finance C. The power of transnational corporations D. The enhanced role of international economic institutions...
View Full Document
- Spring '12
- International Trade, International Monetary Fund, international economic institutions