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Erschienen in:
2017 | OriginalPaper | Buchkapitel
4. Bretton Woods International Trade and Financial Organizations
verfasst von : Ken Moak
Erschienen in: Developed Nations and the Economic Impact of Globalization
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Abstract
The developed nations have dominated the global economic and financial orders since World War II. They established and governed the International Monetary Fund (IMF), World Bank, and Asian Development Bank to their advantage. In addition, the U.S. dollar became the world’s reserve currency, allowing it to be the global bank of last resort. The United States also instituted the Marshall Plan to help postwar European reconstruction and economic revival, conditional on the money being used to buy American products and that the recipient countries must adhere to U.S. democratic values and ideals.