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Bookmark or Share- Barbados calls for finance reform to fight climate changeBarbados believes this Global Climate Mitigation Trust could leverage $3-4 trillion of private funding, explains the Bretton Woods Project, a campaign organization focused on global economic and development policy.
- Is it time for a 'true global currency'? - The World Economic ForumThis year, the world commemorates the anniversaries of two key events in the development of the global monetary system. The first is the creation of the International Monetary Fund at the Bretton Woods conference 75 years ago. The second is the advent, 50 years ago, of the Special Drawing Right (SDR), the IMF’s global reserve asset.
- US dollar dominance amid global geo-economic fragmentationThe outsized role of the USD as a store of value (or reserve currency); as a unit of account (or funding currency); and as a medium of exchange (in trade and forex transactions) on the global stage has been enshrined by three key interrelated movements: Bretton Woods; the Marshall Plan and the Washington Consensus.
- How to understand policy trilemmas | World Economic ForumBut such grand compacts – of which the best historical example is the 1944-1945 settlement that included Bretton Woods – are hard to achieve without a substantial measure of fear. The equivalent today of the time pressure that existed at the end of the WWII is an urgent but also uncontrollably global crisis.
- A global consensus based on economic justice and shared prosperity ...Finally, the Bretton Woods bodies paid far greater attention to institutions and governance, whereas Williamson did not. The other way to understand the Washington Consensus is to conflate it with neoliberalism or market fundamentalism: “This I regard as a thoroughly objectionable perversion of the original meaning,” Williamson wrote in 2004.
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