Nobody downloaded yet

Regional and Economic International Organizations - Essay Example

Comments (0) Cite this document
Summary
This essay will analyze the role of the Bretton Woods regime since its creation, and will look at how its institutions have influenced states through policies favoring the interests of the United States. The essay begins by analyzing the Bretton Woods regime, its institutions…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.1% of users find it useful
Regional and Economic International Organizations
Read TextPreview

Extract of sample "Regional and Economic International Organizations"

Download file to see previous pages Many people lived lives of total despair. However, there were a number of brave men and women who decided to look at this crisis as an opportunity and to fashion something new out of the mess. The most important change to make involved the world economic system. And so the Bretton Woods regime was founded on July 1944, in Bretton Woods, New Hampshire, United States, by the delegations of the 44 Allied nations with the intent of creating a new financial and economic order, due to the shift of power occurred as a result of the Second World War. The Bretton Woods regime was a result of the events which affected the world economy and political system, starting from the great Depression to the rise of Nationalist dictatorships and finally the Second World War; its declared objective was to ensure prosperity to all nations, so conflict would never occur again, and can best be understood by this quotation: "The nations should consult and agree on international monetary changes which affect each other. They should outlaw practices which are agreed to be harmful to world prosperity, and they should assist each other to overcome short-term exchange difficulties." The lesson learned by the horrors of the war were that increased economic integration would stand a good chance of reducing the opportunities and incentives to go to war. If war cost the same amount to everyone there would be few advantages for any one country to start one. Economic integration and some standardization would be key to this. The policy of open markets first seriously pushed at this conference would have a major influence on the world economy to this day.
This policy however did not come out of the blue. There were a number of significant individuals who came up with the theories and principles that underlay and who worked hard to guide the process forward. Without a doubt one of the most important of these figures was the economist John Maynard Keynes, one ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Regional and Economic International Organizations Essay”, n.d.)
Regional and Economic International Organizations Essay. Retrieved from https://studentshare.org/miscellaneous/1557214-regional-and-economic-international-organizations
(Regional and Economic International Organizations Essay)
Regional and Economic International Organizations Essay. https://studentshare.org/miscellaneous/1557214-regional-and-economic-international-organizations.
“Regional and Economic International Organizations Essay”, n.d. https://studentshare.org/miscellaneous/1557214-regional-and-economic-international-organizations.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Regional and Economic International Organizations

International Economic

...?Running Head: SOUTH KOREA’S CURRENT ACCOUNT As per the statistics given by the study conducted by Collins andPark, the aggregate debt for South Korea’s economy in million USD was in accordance to the table below:- Figure 1: current account balances for South Korea in years 1975 through 1986. Year foreign debt in USD (million) 1975 8,443 1976 10,520 1977 12,649 1978 14,823 1979 20,287 1980 27,170 1981 32,433 1982 37,083 1983 40,378 1984 43,053 1985 46,762 1986 44,510 The study states that the period of 1973 to 1978 reflected a scenario of increase in debt, difficulties in the economy as well as recovery. This period of years also showed a significant economic strategy shift with a new approach to industrialization and...
3 Pages(750 words)Essay

Regional Economic Integration

...? Running head: REGIONAL ECONOMIC INTEGRATION Regional Economic Integration Autor’s al Affiliations REGIONAL ECONOMIC INTEGRATION Abstract The regional economic integration of such Asian countries as Philippines, Taiwan, Malaysia, and Indonesia was studied in the context of a visual research task. The GDP by economic sectors of the Philippines is 14, 9% of agriculture, 29, 1% - industry and 51, 1% - service sector (2009 est.). The GDP of Taiwan is 3 % of agriculture, 35% - industry and 73% of a service sector. In the industrial economic sector Malaysian GDP is 42, 3%, in...
2 Pages(500 words)Essay

International Organizations

...include inflation and fiscal deficits. Both organizations, World Bank and the International Monetary Fund must lessen the bureaucracy to hasten loan approvals and other benefits accruing to tnay members. The loans will be used by the country borrowers, especially the poverty-stricken borrowers, to improve their economy, increase the quality of human capital within the borrowing nations’ territories. Body of the paper: 3. Explain more specifically your thesis, and how it is possible and plausible to back it with the kind of evidence you will provide - (a), (b), (c), and (d) a) Realism. The European Union is come output as an economic and political union of 27 member states in 2007....
4 Pages(1000 words)Thesis

International Organizations

...is a an entity which has influenced the ways in which the European nations interact with each other, and how they collaborate in order to develop one single entity in face of the rest of the world. The success of the EU over 50 years of its life with regards to the spheres it covers is commendable; it started off as a mere economic cooperation union and extended to develop into a widely known multifaceted organization which covers political, social, developmental, environmental and international affairs on behalf of its member states. The EU’s decision making process is an intricately woven net which has undergone a lot of amendments and alterations overtime. Initially it was created...
12 Pages(3000 words)Essay

International Health Organizations

...the increasing rate of health deterioration. Hence, public health, as a preventive measure gives medical assistance to communities. However, the inevitable changes in the environment and economic and social norms of the people led public health futile. The battle of providing health revenues and resources has become elusive due to different factors of over population, environmental calamities, political and cultural differences and pollution. Nevertheless, in spite of the struggling battle on health and related issues, international health organizations have been top in the line of organizing and managing health issues providing long-term health care especially to those...
8 Pages(2000 words)Term Paper

International Organizations

... International Organizations Part Relative Strength and Influence of Issue Areas International organizations referto an organization that has a global scope in the issues it deals with and operate on international basis. The various international organizations including states, intergovernmental organizations, international non-governmental organizations, and multinational corporations compromise of issue areas with diversified and relative strengths and influence towards the actors (Karns & Mingst 8). The main issue areas include the international peace and security, human rights, and development. Consequently, development, the human rights, and the international peace and security have different impact on the various types... of...
5 Pages(1250 words)Assignment

International Organizations

...from the regional organization. WORKS CITED Bridge, John W. "The Case for an International Court of Criminal Justice and the Formulation of International Criminal Law." The International and Comparative Law Quarterly, Vol. 13, No. 4. (Oct., 1964), pp. 1255-1281. Carlsson, Ingvar. "The U.N. at 50: A Time to Reform" Foreign Policy, No. 100, 25th Anniversary Issue. (Autumn, 1995), pp. 3-18. Holmes, John T. & Kirsch, Philippe. "The Rome Conference on an International Criminal Court: The Negotiating Process" American Journal of International Law, Vol. 93, No. 1 (Jan., 1999), pp. 2-12 Neack,...
7 Pages(1750 words)Essay

International & Regional Financial Regulators

...INTERNATIONAL AND REGIONAL FINANCIAL REGULATORS al Affiliation) The phenomenon of international and regional financial regulation is beneficial to follow as compared to the local regulators. This extract cuts across financial regulation within different economic systems and the competitive advantage that arises from it. Financial regulation manages different financial systems, banking systems, economic systems, social systems and economic systems. This extract talks about the pros and cons of financial regulation. Financial regulation ensures a standard level of operation among the affiliated financial elements within a...
9 Pages(2250 words)Research Paper

Regional Economic Integration (BLOBAL BUSINESS)

...Regional Economic Integration Regional integration is a process in which countries come together to focus on issues that influence their development and boost trade amongst them. There exist four fundamental types of regional integration. These include: free trade area, customs union, common market and economic union. Free trade area, for instance the North American Free Trade Agreement (NAFTA) presents the simplest form of economic integration where all member states cancel all trade obstacles between them (Laursen 34). However, member nations have the freedom to establish their own policies regarding their trade with non-member...
1 Pages(250 words)Essay

Development of International Economic Organizations

...Introduction: The Period of the Great Depression from the late 1920s through World War II was characterized by isolation, protectionism, and fierce nationalism. The economic turmoil and political instabilities and difficulties of the period resulted in no serious economic integration until the war ended. From the devastation a spirit of cooperation gradually emerged in Europe (Lavenex & Schimmelfennig, 2009). The first step in this regional cooperation effort was the establishment of the Organization for European Economic Cooperation (OEEC) in 1948 to administer Marshall Plan aid from the United States. Although the objective of the OEEC was limited to economic reconstruction following the war, its success set the stage for more... to...
20 Pages(5000 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Regional and Economic International Organizations for FREE!

Contact Us