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President Obama And Bretton Woods, Luke A. Nichter
President Obama And Bretton Woods, Luke A. Nichter
Presidential Studies Faculty Articles and Research
"On the occasion of this weekend's G-20 meeting in Washington, the global economic crisis seems more entrenched than ever. Calls for the return to a Bretton Woods-like system can be heard around the world. The Washington Post has said that a new Bretton Woods 'could reform the IMF' (October 20). The Times of London has reported Prime Minister Brown's call for a new international financial architecture (November 14). Le Monde has printed favorable coverage for a 'Bretton Woods acte II' (November 14). Before getting caught up in the momentum of 'reform', the incoming administration of President-elect Obama should carefully heed …