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Title: International relations

Essay Details

Subject: History
Author: Lorna M
Date: July 25, 2013
Level: University
Grade: A
Length: 8 / 2239
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

The new system had two important elements: created a liberal international trading order and on the other side an international monetary regime. After the experience of the Great Depression and trauma caused to world economy and trade by the World War Two, the Bretton Wood system envisioned a new liberal trading order...

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After the experience of the Great Depression and trauma caused to world economy and trade by the World War Two, the Bretton Wood system envisioned a new liberal trading order. According to this system, Governments were free to pursue their national economic interests but in a fixed monetary order, based on fixed exchange rates, to prevent the undesirable effects of free competition that witnessed during the 1930s (Gilpin, 1987: 131)...

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