explain the role of Britain wood institution in the post Second World War settlement answer according to 5 marks
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ब्रिटेन वुड सम्मेलन के दौरान दो अंतरराष्ट्रीय संस्थाओं का जन्म हुआ जिनका नाम था
1 आईएमएफ *:- अंतरराष्ट्रीय मुद्रा कोष
2 विश्व बैंक
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- The aim of post-war institution was to generate full employment in the industrial world and economic reconstruction.
- In 1944, in the Britain would conference in new Hampshire the IMF and World Bank was set up.
- IMF aur international monetary fund looks into the internal surplus and deficits of it's member nation. This World bank or international Bank for reconstruction and development was set up for post for economic reconstructions.
- These were known as Britton Wood twins. They comments operation in 1947. The effective right of veto.
- The following years saw an unprecedented rise of trade and incomes. Between 1950-1970, World Trade view from 5% to 8%. Incomes grow by 5% and unemployment ranged below 5%.
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