The Vision and the Reality

Mahbub ul Haq

Chapter 2 in The UN and the Bretton Woods Institutions, 1995, pp 26-33 from Palgrave Macmillan

Abstract: Abstract The Keynesian vision for the Bretton Woods institutions has not survived. First, the vision was greatly diluted in its actual implementation — as the IMF, the World Bank and GATT emerged through several compromises with the Realpolitik of the time. And, second, the original role of the Bretton Woods institutions has changed beyond recognition in the last five decades of their operation.

Keywords: Central Bank; International Reserve; Uruguay Round; Capital Movement; Poor Nation (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23958-0_3

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DOI: 10.1007/978-1-349-23958-0_3

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