IDST 3100Y Lecture Notes - Lecture 2: Bretton Woods System, Reserve Currency, Capital Flight

• School: Trent University
• Department: International Development Studies
• Course: IDST 3100Y
• Professor: Baris Karaagac

Document Summary

Idst-3100y - lecture xiv: international finance and development. Today we look at international financial system. We will continue next week, if we can"t finish we won"t have seminars this week. Next week, we will be looking at balance of payments and debt -- which is now a very pressing issue. We need to bring daily lives into discussion - have a debate on these issues. We talked about great depression and wwii. These two events and processes had vastly diminished commercial trade at the global level and exchange of currencies. Cross border lending and borrowing also diminished. In the capitalist world, the beginning of the cw and the early days in the bipolar world. There was a pressing need for a stable and cooperative system to facilitate trade and investment. And adjustment of balance of payments - most important concept in econ and ids. We will be looking at this next week.