What is post war settlement and the Bretton woods institutions?
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Post-war Settlement and the Bretton Woods Institutions : Main aim of the post-war international economic system was to preserve stability and full employment in the industrial world. ... The IMF and the World Bank are referred to as the Bretton Woods institutions or sometimes the Bretton Woods twins.
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The Bretton Woods Institutions are the World Bank and the International Monetary Fund (IMF). They were set up at a meeting of 43 countries in Bretton Woods, New Hampshire, USA in July 1944. Their aims were to help rebuild the shattered postwar economy and to promote international economic cooperation.
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