IDSA01H3 Lecture Notes - Lecture 10: World Currency, Henry Kissinger, Washington Consensus
6 Dec 2018
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Lec 10: a new development pluralism and course review. Us and the breton woods institutions: us proposals shape bretton woods institutions, us dollar becomes global reserve currency. Imf weighed in favour of us and eu, allowing us dollar to be global currency of measuring oil etc. Us influenced economies to trade, and invested in new economies. Us policy making in the 20th century was arrogant: nothing important can come from the south. The axis of history starts in moscow, goes to. Bonn, crosses over to washington, and then goes to tokyo. What happens in the south is of no importance - henry kissinger, 1969. 40% of global population and account for 22% of world"s gdp: unfair voting power in imf, controlled heavily by us. For development to happen, you need telephone lines and. Africa can be largely impacted by this project-china in. Africa, rapid increase in exports and imports between china and africa.
