Wednesday 7 December 2016

Time for global action on economic freefall

Published 14/09/2011 | 05:00

•For three weeks in July 1944, delegates from 44 nations booked themselves into the the Mount Washington Hotel in New Hampshire.

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Their objective was to rebuild the world's economy from the ruins of war. The result was the Bretton Woods system which laid down a framework for monetary management between countries.

They produced a blueprint to govern the international monetary system, setting up the IMF in the process.

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