Bretton Woods II
The New Global Economic Architecture for the 21st Century
The World Beyond the Stock Market Crash
of October 2008, 79 years on from 1929
London, UK - 24th October 2008, 09:55 GMT
Dear ATCA Colleagues
[Please note that the views presented by individual contributors
are not necessarily representative of the views of ATCA, which is neutral.
ATCA conducts collective Socratic dialogue on global opportunities and threats.]
"Bretton Woods II" is a term used to describe the proposed international
summit tasked with overhauling the globe's financial structure and architecture.
The name refers to the Bretton Woods system of monetary management which
was instituted towards the end of World War II in 1944 at the United Nations
Monetary and Financial Conference. The first meeting is likely to occur
as early as November 15, 2008 in the US. Calls for a new Bretton Woods began
surfacing in 2008 on September 26 when French, and current European Union
President, Nicolas Sarkozy, said, "We must rethink the financial system
from scratch, as at Bretton Woods." On October 13, British Prime Minister
Gordon Brown said world leaders must meet to agree to a new economic system.
"We must have a new Bretton Woods, building a new international financial
architecture for the years ahead." Mr Sarkozy and US President George
W Bush met on October 18 to discuss the possibility of a global financial
summit. The meeting ended with an American offer to host a global summit
after the US Presidential elections in early November modelled on the 1944
Bretton Woods accord. At the start of Bretton Woods in 1944, the then US
President Franklin Delano Roosevelt said in his opening remarks, "The
economic health of every country is a proper matter of concern to all its
neighbours, near and far."
Bretton Woods -- The Historical Context
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[ATCA Membership]
Bretton Woods II -- The Future Agenda
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[ATCA Membership]
We welcome your thoughts, observations and views. Thank you.
Best wishes
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