Why the World Needs a New Bretton Woods Moment
- 2020-05-29
- The Telegraph
The global economy faces its greatest upheaval since the Second World War as coronavirus trashes businesses and jobs across the planet.
Billions of workers are under threat, debts are exploding and the full scale and timeline of the crisis are as yet unknown.
But there is something of a blueprint on how to respond. Seventy-five years ago the Allied powers came to victory with a plan already in place to rebuild the shattered economy.
Their Bretton Woods system, devised at a conference in 1944, paved the way for decades of globalisation and growing prosperity.