Paulo Roberto de Almeida
Forgotten Foundations of Bretton Woods
International Development and the Making of the Postwar Order
Eric Helleiner's new book provides a powerful corrective to conventional accounts of the negotiations at Bretton Woods, New Hampshire, in 1944. These negotiations resulted in the creation of the International Monetary Fund and the World Bank—the key international financial institutions of the postwar global economic order. Critics of Bretton Woods have argued that its architects devoted little attention to international development issues or the concerns of poorer countries. On the basis of extensive historical research and access to new archival sources, Helleiner challenges these assumptions, providing a major reinterpretation that will interest all those concerned with the politics and history of the global economy, North-South relations, and international development.
The Bretton Woods architects—who included many officials and analysts from poorer regions of the world—discussed innovative proposals that anticipated more contemporary debates about how to reconcile the existing liberal global economic order with the development aspirations of emerging powers such as India, China, and Brazil. Alongside the much-studied Anglo-American relationship was an overlooked but pioneering North-South dialogue. Helleiner’s unconventional history brings to light not only these forgotten foundations of the Bretton Woods system but also their subsequent neglect after World War II.
Preface List of Abbreviations International Development and the North-South Dialogue of Bretton Woods 1. Good Neighbors Prepare the Ground 2. The First Draft: The Inter-American Bank 3. A New Approach to Money Doctoring: Cuba 4. Building Foundations: US Postwar Planning 5. Strengthening the Foundations: Paraguay 6. Latin American Backing for Bretton Woods 7. Development Aspirations in East Asia 8. Lukewarm and Inconsistent Britain 9. Enthusiasm from Eastern Europe and India The Aftermath and the Forgetting
Experts
"Forgotten Foundations of Bretton Woods is a beautifully written, elegantly argued, and deeply researched book that shows how development issues played a central role in the formulation of a new approach to international financial and economic coordination at the 1944 United Nations Conference at Bretton Woods. Eric Helleiner demonstrates that what are now large emerging market countries played a substantial part in making the postwar economic order, but that role was then forgotten
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"Eric Helleiner's informed rereading of Bretton Woods is very relevant to current debates about global development after the recent financial crisis. Indeed, this revisionist history constitutes something of an introduction to development economics, retracing their roots in the global South as well as North, along with pre-communist Eastern Europe. It contrasts the distinctive regional orientations of major governments—including the United States and the UK—as they anticipated very divergent
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"Forgotten Foundations of Bretton Woods is a magnificent book. It reveals a fascinating moment of postwar vision about the importance of cooperation for the global economy and development. The postwar ideas—wrongly swept aside at the time—are timely and relevant for today. This book is a must-read for anyone interested in a genuinely global economy."—Ngaire Woods, Dean of the Blavatnik School of Government and Professor of Global Economic Governance, University of Oxford, author of The Globalizers: The IMF, the World Bank, and Their Borrowers
TitleForgotten Foundations of Bretton Woods
SubtitleInternational Development and the Making of the Postwar Order
EditionFirst Edition
AuthorEric Helleiner
ImprintCornell University Press
BISAC Subject HeadingBUS023000 BUSINESS & ECONOMICS / Economic History
POL023000 POLITICAL SCIENCE / Political Economy HIS037070 HISTORY / Modern / 20th Century
BIC Subject HeadingHBLW 20th century history: c 1900 to c 2000
Audience01 General / trade
Title First Published01 May 2014
FormatHardcover
ISBN-100801452759
ISBN-13978-0-8014-5275-8
GTIN13 (EAN13)9780801452758
Publication Date27 May 2014
PublicationIthaca, United States
Absolute page count320
Dimensions6.1 x 9.3 in.
Weight21 oz.
List Price$39.95
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