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Trade protectionism and international monetary order: Recalling the relevance of past experience

Juergen B. Donges

No 304, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: After World War II, all industrial countries have reached a level of prosperity unprecedented in history; many developing countries and several socialist countries have experienced notable economic growth too. The post-war multilateral trading and monetary systems have been singled out by politicians, businessmen and academic economists as main institutional pillars for these achievements; they permitted positive net effects on resource allocation, economies of scale, international capital movements and the transfer of technology.

Date: 1987
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