The Bretton Woods system and global economic issues
When turmoil strikes world monetary and financial markets, statesmen invariably call for “a new Bretton Woods” to prevent catastrophic economic disorder and defuse political conflict. The very name of the remote New Hampshire town where representatives of 44 nations gathered in July 1944, has become shorthand for enlightened globalisation. The actual story surrounding the historic Bretton Woods accords, however, is full of startling drama, intrigue, and rivalry. Benn Steil will bring the saga to life, and talk about some of its lessons for understanding today’s central economic issues.
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