Question

What are Bretton woods twins ? What are their roles?

CLASS 10 - CBSE ( Making of a Global world)

Answer 1

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Answer 2

Answer:

The Bretton Woods twins refers to the two multilateral organizations created at the Bretton Woods Conference in 1944. Both twin organizations functioned to enact and maintain the Bretton Woods system of proscribed international currency exchange rates.

The Bretton Woods Institutions—the IMF and World Bank—have an important role to play in making globalization work better. They were created in 1944 to help restore and sustain the benefits of global integration, by promoting international economic cooperation

Explanation:

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