Managing the world economy : fifty years after Bretton Woods / Peter B. Kenen, editor.

Format:

Book

Contributor:

Kenen, Peter B., 1932-2012.

Language:

English

Subjects (All):

United Nations Monetary and Financial Conference (1944 : Bretton Woods, N.H.)--History--Congresses.

United Nations Monetary and Financial Conference.

International finance--History--20th century--Congresses.

International finance.

History.

Foreign exchange--History--20th century--Congresses.

Foreign exchange.

Currency question--History--20th century--Congresses.

Currency question.

International economic relations--Congresses.

International economic relations.

Economic history--20th century--Congresses.

Economic history.

Economic forecasting--Congresses.

Economic forecasting.

Twenty-first century--Forecasts--Congresses.

Twenty-first century.

Twenty-first century--Forecasts.

Genre:

Conference papers and proceedings.

Physical Description:

vii, 430 pages : illustrations ; 23 cm

Place of Publication:

Washington, DC : Institute for International Economics, 1994.

Summary:

The international economic order established at Bretton Woods, New Hampshire in 1944 has contributed significantly to world growth and stability. But the world economy will be very different in the 21st century due to the end of the Cold War, the advent of new economic powers, and the globalization of markets and companies. The Group of Seven major industrial democracies, at their Naples summit in July 1994, decided to consider "What framework of institutions will be required to meet the challenges of the 21st century?" and "How can we adapt existing institutions and build new institutions to ensure the future prosperity and security of our people?"

This volume presents the results of an Institute conference at which leading experts and policymakers assessed the record of the Bretton Woods regime over the past half century and the need to modernize the system now. Specific proposals are made for reforming the international monetary and trading systems, including through changes in the roles of the International Monetary Fund, GATT and the new World Trade Organization, and the World Bank. The volume also assesses the case for creating new institutional arrangements to address several issues that have recently attained greater prominence on the global agenda -- investment, financial markets, the environment, and migration.

Contents:

I The Past

1 Managing the World Economy under the Bretton Woods System: An Overview / Barry Eichengreen, Peter B. Kenen 3

Robert O. Keohane 58

Richard Portes 64

Emile van Lennep 69

Klaus Engelen 75

II Managing the World Economy

2 Managing the Monetary System / John Williamson, C. Randall Henning 83

Richard N. Cooper 112

Shijuro Ogata 117

Niels Thygesen 120

3 Managing the Trading System: The World Trade Organization and the Post-Uruguay Round GATT Agenda / John H. Jackson 131

Alan Wm. Wolff 152

Kenneth A. Oye 156

Martin Wolf 163

4 Managing Development and Transition / Nicolas Ardito-Barletta 173

Marek Dabrowski 201

William R. Cline 210

Stephan Haggard 215

Moises Naim 223

III Managing the New International Economic Issues

5 Managing a Market-Led Global Financial System / Tommaso Padoa-Schioppa, Fabrizio Saccomanni 235

6 International Direct Investment: Strengthening the Policy Regime / DeAnne Julius 269

7 The Case for a Global Environmental Organization / Daniel C. Esty 287

8 Migration / Glenn Withers 311

IV The Future

9 Managing the World Economy of the Future / C. Fred Bergsten 341

Joseph Nye 375

Paul Volcker 381

Horst Schulmann 386

10 Summing Up and Looking Ahead / Peter B. Kenen 395

The Bretton Woods Institutions and Global Governance / Mahbub ul Haq 409

Shared Prosperity and the New International Economic Order / Lawrence H. Summers 419.

Notes:

Includes bibliographical references.

ISBN:

0881322121

OCLC:

30738243