{"title":"Revisiting Interwar Global Economic Governance: Technocrats, Sovereignty, and the Perennial Problem of Legitimacy in Global Governance","authors":"Laura Phillips-Sawyer","doi":"10.1017/s0007680523000363","DOIUrl":null,"url":null,"abstract":"The international institutions that govern global capitalism—the United Nations, World Bank, and International Monetary Fund (IMF)—wield considerable power over the flows of trade and finance, and thereby the nation-states that participate in it. (And opting out is nearly impossible.) Those institutions were created in July 1944, amidst World War II, with the laudable objectives to restore global trade and capital flows, protect national sovereignty, and promote peace through interdependence. In short, these institutions represented the solution to the failures of interwar international governance—more specifically, the failure of the League of Nations to stem macroeconomic instability or the Second World War.","PeriodicalId":9503,"journal":{"name":"Business History Review","volume":"34 1","pages":"0"},"PeriodicalIF":1.3000,"publicationDate":"2023-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Business History Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1017/s0007680523000363","RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
The international institutions that govern global capitalism—the United Nations, World Bank, and International Monetary Fund (IMF)—wield considerable power over the flows of trade and finance, and thereby the nation-states that participate in it. (And opting out is nearly impossible.) Those institutions were created in July 1944, amidst World War II, with the laudable objectives to restore global trade and capital flows, protect national sovereignty, and promote peace through interdependence. In short, these institutions represented the solution to the failures of interwar international governance—more specifically, the failure of the League of Nations to stem macroeconomic instability or the Second World War.
期刊介绍:
The Business History Review is a quarterly publication of original research by historians, economists, sociologists, and scholars of business administration. BHR"s ongoing mission, from its 1926 inception as the Bulletin of the Business Historical Society, is to encourage and aid the study of the evolution of business in all periods and all countries. The Business History Review is published in the spring, summer, autumn, and winter by Harvard Business School and is printed at The Sheridan Press in Pennsylvania.