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Bretton Woods 2009 2010
Bretton Woods 2009 2010
Bretton Woods 2009 2010
Bretton Woods 2009 2010
Bretton Woods 2009 2010
Bretton Woods 2009 2010
Bretton Woods 2009 2010
Bretton Woods 2009 2010
Bretton Woods 2009 2010
Bretton Woods 2009 2010
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Bretton Woods 2009 2010

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  • 1. Bretton Woods
  • 2. Assignments
    • What is the Bretton Woods Project?
    • What are the Bretton Woods Institutions?
    • What is the connection between Bretton Woods, the Worldbank, the IMF and the WTO?
    • What is the connection between Bretton Woods and globalisation?
  • 3. Bretton woods conference
    • 1944
    • 44 countries
    • Post-war economy
    • IMF and World Bank
  • 4. Globalization
    • Pre-war versus post-war
    • Cooperation versus single minded
  • 5. IMF
    • Stability of the world economy
    • Supports countries that have a financial crisis
    • Goal: economic and monetary stability, via advice and credits
    • 4-7 years
    • Funding from member states
  • 6. World Bank
    • Economical development and restructuring
    • Development of third world countries.
    • Poverty reduction
    • 10-40 years
    • Credits and advice in specific projects (dams, health care etc)
    • Market Funding
  • 7. World Trade Organization
    • 1948 GATT (general agreement on Tariffs and Trade
    • 1995 WTO
    • World trade
  • 8. Historic background Bretton Woods
    • Economies in Europe were the reason for the second world war.
    • Protectionism and trade barriers (import).
    • Result: stopped economic growth and world trade
  • 9. Historic background Bretton Woods
    • Important position USA (financially, military)
    • Government believed in free trade to secure peace, stability and prosperity.
    • Depend on each other and war will be prevented.
  • 10. The idea
    • Dollar plays an important role
    • Every currency has a steady value aimed at the US dollar
    • Dollar was locked to the amount of gold in the USA ( gold standard )

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