Global Economics Monthly: An Adaptable Order: Global Economic Governance in 2015
December 17, 2015
For 70 years the global economic order conceived at Bretton Woods has proved both valuable and durable. The international institutions and rules set up in the wake of World War II have enabled growth and prosperity to spread across much of the world. In 2015, the old order showed that it is
also adaptable, allowing room for new players, new institutions, and new rules. But there were also worrying signs over the past year of erosion of the standards and principles that have underpinned the existing order and made it so successful.