Topic: Bretton Woods System
All Content
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Why the US will fare better than Europe in economic recovery
In an interview, the former president of Chile, Ricardo Lagos, says that today’s global financial crisis is mainly a political failure rather than an economic one. The US will probably do much better in its financial recovery because its central bank, unlike Europe’s, has the powers it needs.
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How Asia and China can revive the West's waning institutions
A world adrift desperately needs global thinkers, most of all from Asia. Singapore's Kishore Mahbubani fits the bill with his new book, in which he calls for a more robust UN, IMF, and WTO – led by the emerging global powers. Let’s hope his optimism about this revival is justified.
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The New Economy The world needs a new currency
The current dollar-based system is broken and can't be repaired, despite the efforts of governments and central bankers. A new currency and monetary order would fix the problem and boost growth.
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The G20 must get serious or risk irrelevance – and a second recession
The G20 has failed to follow through on its coordinated reform agenda. In Cannes this November, G20 leaders must empower a truly independent International Monetary Fund to require real financial reforms – for all nations, regardless of their relationship with the IMF.
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Looking back: abandoned principles and misguided policies
A retrospective on the economic history of the past fifty years.
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To stay relevant, the UN must compete
The United States is increasingly taking important issues – such as financial stability, climate change, and nonproliferation – outside the UN system.
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Brazilian President Lula: BRIC countries must forge a transparent system of global governance
Brazilian President Lula weighs in on the BRIC summit where Brazil, Russia, India, and China showed they are committed to building a joint diplomatic and creative approach to world issues.
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Brazil's President Lula: The G-20's role after economic crisis
The group weathered this challenge, but the developing world needs more say in heading off future ones.
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Global financial reformers must heed Asia's clout
The IMF and the World Bank are becoming relics of a bygone era. They are too narrowly focused on Europe and America.
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A financial new world order?
Bush says reforms must improve, not fetter, the free market; Europeans hint at more robust intervention.
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America as superpower: shaken, not deposed
Some see demise, but others cite enduring signs of US power.
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