Abstract
It is customary to date the origin of the Bretton Woods system back to 1942 when Keynes, and his associates in London, prepared the three famous memoranda on the International Clearing Union, on Commodity Buffer Stocks and Plans for Relief and Reconstruction. To these three memoranda we may add the Beveridge Report, which appeared in the same year. Keynes had taken a great interest in the Beveridge Report and this model of a national social welfare state was readily capable of international extension and application.
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Notes
Sir W. Arthur Lewis, The Evolution of Foreign Aid (Cardiff: University College, 1971).
For further detail see H. W. Singer ‘The Terms of Trade Controversy and the Evolution of Soft Financing: Early Years in the U.N.’, in Pioneers in Development, ed. Gerald M. Meier and Dudley Seers (World Bank/Oxford University Press, 1984).
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© 1995 North South Roundtable
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Singer, H.W. (1995). An Historical Perspective. In: ul Haq, M., Jolly, R., Streeten, P., Haq, K. (eds) The UN and the Bretton Woods Institutions. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-23958-0_2
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DOI: https://doi.org/10.1007/978-1-349-23958-0_2
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