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Redo!

💸 Reimagining Bretton Woods

How International Agreement Could Resolve Economic Imbalances

Connectivity Project by Philip Pilkington

The past few years have been ones in which global conflict has flared up in a manner that is more concerning than at any time since the end of the Second World War. Economists cannot offer solutions to all complex geopolitical problems, but they know that trade imbalances tend to vastly increase tensions between nations and make compromise on these non-economic topics more difficult.

Due to the politics and economic structure of the time, the bancor was shelved in 1944. But due to the changes in the global economic system caused by aggressive globalization, there is a strong case to be made that its time has come. Implementing the bancor solution to world trade could provide a new constructive economic vision for a world economy that currently feels chaotic and unmoored. It could provide the keystone to global governance in the 21st century.

🧵 https://fxtwitter.com/philippilk/status/1857074938558943564

📎 https://hiia.hu/en/reimagining-bretton-woods/

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