Bretton Woods
Assignments <ul><li>What is the Bretton Woods Project? </li></ul><ul><li>What are the Bretton Woods Institutions? </li></u...
Bretton woods conference <ul><li>1944 </li></ul><ul><li>44 countries </li></ul><ul><li>Post-war economy </li></ul><ul><li>...
Globalization <ul><li>Pre-war versus post-war </li></ul><ul><li>Cooperation versus single minded </li></ul>
IMF <ul><li>Stability of the world economy </li></ul><ul><li>Supports countries that have a financial crisis </li></ul><ul...
World Bank <ul><li>Economical development and restructuring </li></ul><ul><li>Development of third world countries.  </li>...
World Trade Organization  <ul><li>1948 GATT (general agreement on Tariffs and Trade </li></ul><ul><li>1995 WTO </li></ul><...
Historic background Bretton  Woods <ul><li>Economies in Europe were the reason for the second world war.  </li></ul><ul><l...
Historic background Bretton Woods <ul><li>Important position USA (financially, military) </li></ul><ul><li>Government beli...
The idea <ul><li>Dollar plays an important role </li></ul><ul><li>Every currency has a steady value aimed at the US dollar...
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Bretton Woods 2009 2010

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Bretton Woods 2009 2010

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

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