Before India Insists on ‘Rules-based’ International System, It Should Recall Bretton Woods

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In The Media

Carnegie India

Before India Insists on ‘Rules-based’ International System, It Should Recall Bretton Woods

This week marks the seventy-fifth anniversary of the United Nations Monetary Conference held at Bretton Woods, New Hampshire.

By Srinath Raghavan

Published on Jul 16, 2019

Source: Print

This week marks the 75th anniversary of the United Nations Monetary Conference held at Bretton Woods, New Hampshire. The conference, which led to the creation of the International Monetary Fund (IMF) and the International Bank for Development and Reconstruction (World Bank), has passed over into popular history and mythology as a founding moment of the “Liberal International Order”. This order, in turn, is widely held to be in crisis, owing to the rise of authoritarian populism that disavows the older ideals of a liberal world economy and global cooperation.

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This article was originally published by the Print.

About the Author

Srinath Raghavan

Nonresident Senior Fellow, Security Studies Program

Srinath Raghavan is a nonresident senior fellow at Carnegie India. His primary research focus is on the contemporary and historical aspects of India’s foreign and security policies.

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Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

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