Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101265
Authors: 
Rana, Pradumna B.
Year of Publication: 
2013
Series/Report no.: 
ADBI Working Paper Series 401
Abstract: 
This paper argues that calls for a New Bretton Woods system in the aftermath of the global economic crisis - similar to the remarkable 1944 Bretton Woods conference that led to the establishment of various international economic institutions - are unlikely to be answered. The likely scenario is that the centralized architecture from before the global economic crisis will evolve toward a more decentralized and multilayered global architecture where regional institutions are linked together to a "senior" global organization in a complementary manner by rules and regulations. The paper also highlights the new regional institutions that Asia needs to establish to contribute to this evolving global economic architecture.
Subjects: 
bretton woods
global economic crisis
international economic institutions
asia
regional institutions
JEL: 
F02
F13
F33
F53
Document Type: 
Working Paper

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