The Bretton Woods Institutions

A Commonwealth Perspective

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This paper was prepared as a background document on the subject of the Bretton Woods Institutions for the Commonwealth Finance Ministers’ Meeting, 2728 September 1994, and contained a number of proposals which enriched Ministers’ discussion.




Instead of attempting a summary, we conclude by reverting to our initial suggestion that the social utility of the BWIs has been called into question by the growing discrepancies between the present-day global economy and the world for which they were designed, and ask what kind of arrangements a 'new Bretton Woods' might create.


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