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

{
  "authors": [
    "Srinath Raghavan"
  ],
  "type": "legacyinthemedia",
  "centerAffiliationAll": "",
  "centers": [
    "Carnegie Endowment for International Peace",
    "Carnegie India"
  ],
  "collections": [],
  "englishNewsletterAll": "",
  "nonEnglishNewsletterAll": "",
  "primaryCenter": "Carnegie India",
  "programAffiliation": "",
  "programs": [],
  "projects": [],
  "regions": [
    "India",
    "United Kingdom"
  ],
  "topics": [
    "Economy",
    "Foreign Policy"
  ]
}

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.

Read the Full Text

This article was originally published by the Print.

About the Author

Srinath Raghavan

Nonresident Senior Fellow

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.

Recent Work

Paper
Recovery, Resilience, and Adaptation: India From 2020 to 2030
- +3
  Rajesh Bansal, Anirudh Burman, Rudra Chaudhuri, …
Commentary
View From New Delhi
- Srinath Raghavan

Economy Foreign Policy India United Kingdom

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.

More Work from Carnegie Endowment for International Peace

Commentary
Emissary
The U.S. and China Need an AI Hotline. Here’s How to Build It.
It should address the shortcomings of previous crisis communication efforts and adapt to the demands of frontier AI.
Lucy Luo
Commentary
Emissary
The UN Isn’t Declining. It’s Decomposing.
Washington’s decision to support some UN functions while letting others wither is pulling the organization apart at the seams.
Stewart Patrick, Theodore Zaritsky
Commentary
Strategic Europe
Taking the Pulse: Does the EU Have a Germany Problem?
Are Germany’s economic, industrial, and political struggles becoming a liability for the EU’s ability to rise to the geopolitical moment?
Rym Momtaz, ed.
Research
China’s Construction of Police Training Facilities in Global South Likely to Expand Global Security Leadership
China’s police training infrastructure construction projects provide benefits to recipient countries, promote China’s image as a major global security provider, and are likely to reinforce alignment between Beijing’s security priorities and those of countries in the Global South.
+2
Cameron Waltz, Sheena Chestnut Greitens, Kim Nguyen, …
Commentary
BIS in the New Age of Import Controls
The Bureau of Industry and Security needs to adjust its focus and practices to maintain its position as the U.S. government’s primary champion of international technological competition.
Geoffrey Irving

More Work from Carnegie Endowment for International Peace

Trump walking toward Xi, both with arms extended to shake hands

Commentary

Emissary

The U.S. and China Need an AI Hotline. Here’s How to Build It.

It should address the shortcomings of previous crisis communication efforts and adapt to the demands of frontier AI.

Lucy Luo

Commentary

Emissary

The UN Isn’t Declining. It’s Decomposing.

Washington’s decision to support some UN functions while letting others wither is pulling the organization apart at the seams.

Stewart Patrick, Theodore Zaritsky

Commentary

Strategic Europe

Taking the Pulse: Does the EU Have a Germany Problem?

Are Germany’s economic, industrial, and political struggles becoming a liability for the EU’s ability to rise to the geopolitical moment?

Rym Momtaz, ed.

Research

China’s Construction of Police Training Facilities in Global South Likely to Expand Global Security Leadership

China’s police training infrastructure construction projects provide benefits to recipient countries, promote China’s image as a major global security provider, and are likely to reinforce alignment between Beijing’s security priorities and those of countries in the Global South.

- +2
Cameron Waltz, Sheena Chestnut Greitens, Kim Nguyen, …

hands holding semiconductors in production

Commentary

BIS in the New Age of Import Controls

The Bureau of Industry and Security needs to adjust its focus and practices to maintain its position as the U.S. government’s primary champion of international technological competition.

Geoffrey Irving