What Were The Main Aims Of The Bretton Woods Agreements? Did The Economic Institutions Established — Imf, World Bank And Gatt Promote International Economic Integration After World War Two?

Running head : BRETTON WOODS INSTITUTIONSAnalysis of the Bretton woods institutions ( ground camberNameStudent RefUniversityCourseDateIntroductionThe domain of a function fightfarefare two had far reaching consequences on the social frugal , technological and political aspects of the main combatants The worst hit nations acknowledge the European nations and Japan Technological and economical systems of these nations either collapsed or were left in truly poor states . There was an insupportable loss of life on a real erect scale , additionally , the essentialon destruction of property including industries , semipublic and privy property was previously unimaginable . As the state of warfare sub military positiond , opposite parties were thinking of establishing a system that would promote the rehabilitative storeho use of the affected economies in Europe and JapanIndeed , even as the war continued , delegates representing several countries converged in Bretton woods New Hampshire (USA ) in 1944 and established the Bretton Woods Agreement . These agreements were aimed at assisting in the reconstructive memory of the major economic systems ravaged by the war . The delegates sign(a) the Bretton woods agreements in July 1945 and established the IMF , the foundation cashbox and the public agreement on tariffs and trade (GATTThis examines the role of Bretton woods institutions in the reconstruction of the European and Asian economies following the end of adult male war two . The especially focuses on the objectives , the role the mental process and the shortcomings of the origination Bank in the spotlight World war two period between 1945 and 1955Aims and objectives of the World BankThe World Bank was formalized on December 27th 1945 when 28 of the fixings states ratified the Bretton w oods agreement [Milward , A .S (1984 )] . Th! e main window sash of the World Bank that was most active in the side world war two was the International Bank for reconstruction and development (IBRD . The core aims of the institution are set come forward on its inceptions wereTo finance reconstruction projects in the countries ravaged by war .

This was done through the provision of lends to these economies at very low rates of interest [Nicholas , C . and Toniolo , G (1996 )] . The bestows were meant to despatch reconstruction through investment activities that had high potential of generating income . near of the areas to which loan money was channeled were the agriculture research and development , areas of kind development such as education , health and diversion (Sports Infrastructural development was also targeted to benefit from the loans since the war had brought most systems to their knees . roads , railways Airports , Seaports , Communication networks as well as Electrification networks were rebuilt through World Bank loans . In 1947 the World Bank extended 250 ,000 ,000 loan to France for reconstruction and this remains the biggest amount of loan extended to a single state [World Bank Webite-www .imf .org /archives]To finance the rebuilding of industries in to promote technological development among the European states and Japan . The direct world war two period also provided more activities for industrial growth and development of innovation culture that had been fueled...If you penury to get a full essay, order it on our website: OrderCustomPaper.com

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