Essays on The Collapse of the Bretton Woods Assignment

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The paper 'The Collapse of the Bretton Woods' is a great example of a business assignment. The early postwar period saw the formation of a new regulatory system within the international capitalist economy. From the 19th century, the regulatory system took over a connection between gold and current to fasten cash to a residual type of value. Simultaneously, the nation-state's economic and political autonomy was acknowledged and established and legitimized within the new regulatory system (Keohane 89). The Bretton Woods system governed the regulatory mechanism of the postwar economy.

Those supporters of a revival of regulation of the global capitalist economy, and a program of social transformations, as a remedy to the social and economic destruction being brought about by the control of international financial markets, will certainly claim that the demise of the Bretton Woods monetary system was caused by policy choices (Grant & Wilson 33). Yet, other policies would not have stopped the Bretton Woods system's collapse because its demise was brought about by dispassionate or objective aspects of development or growth. As explained by Harold James in his work International Monetary Cooperation Since Bretton Woods (Grant & Wilson 48): It required too much in terms of the coordination of national policies.

Countries were more and more committed to domestic growth. Simultaneously, the technological forces that were driving economic growth required the internationalization of the goods market and capital. The Bretton Woods system crisis can be seen as a particular and very dramatic instance of the clash of national economic regulation with the logic of internationalism. In 1971, the disruption of the system followed very obviously and directly from the policies of the United States.

The Bretton Woods monetary system's demise was a preliminary manifestation of the growing conflict between the nation-state structure and the natural inclinations of the productive factors to expand on a global scope.


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