Post War

2. Establishing the Post-war World Economic Order PG19. Planning the post-war global economy The end of the reciprocal ohm World war saw the creation of an array of institutions for international scotch co-operation never before seen or contemplated. These institutions, near universal in scope and membership,provided the framework for the conduct of international economical policy during the post-war period, and were amajor factor in setting the tone ofworld economic development during this period and in determining the participation of individual(a) countries therein. The development problems and prospects facing the underdeveloped countries could not therefore further be heavily influenced by the existence and role of these institutions . In this chapter we shall take a look at these institutions and the considerations leading to their establishment and examine their relevance to, andbearing on, the development issue. It was the Second World War and its immediate antecedents which provided the motivation and the occasion for the creation ofthese institutions . The antecedents concern in particular the economic chaos of the inter-war period and the belief that this chaos was both(prenominal) a result of the First World War and an classical cause of the Second.

The United States, in taking the lead and providing the chief(prenominal) driving force for the establishment of these institutions, was heavily influenced by the interwar experience, whereUS isolationism was wide felt to have contributed to the economic chaos that reigned during the inter-war years. This was reflecied,- inter alia, in the US failure to join the League of Nations and in its spot of distancing itself from the problems ofpost-First World Warreconstruction in Europe and the associated economic and financial difficulties to which these gave train . The fact that the United States economy was so greatly unnatural by the economic depression of the 1930s, the deepest and longest depression in history, and the most... If you want to get a full essay, order it on our website: Orderessay

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