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  • Essay / “The vicious circle”: the creation of the economic system...

    The Second World War was, without a doubt, the most destructive conflict in world history. According to some estimates, between sixty and eighty million people, civilians and combatants, were killed. Thanks to its carnage, the international community, long divided and discordant, has emerged to combat expansionist and genocidal ambitions. As the immeasurable devastation of the war became omnipresent, those concerned with its administration turned their attention to the question of its consequences. How should a world so deeply shaken by war rebuild itself? Like no conflict previously comparable in scale or brutality, no previously imagined reconstruction and development solution would suffice. The international community as it exists would be charged, and challenged, to develop an ambitious and viable solution to the difficulties facing Western Europe and certain regions beyond. What was resolved was the need for an international system capable of managing economic and monetary regulation and development. What remains to be resolved, however, are questions related to this development, its intentions and its lasting effects. In the case of the latter, the issue arises around international institutions, whose past actions have shaped international norms and whose continued presence breeds deep distrust and resentment among some members of the community of states. Of all the institutions envisioned as World War II waned and ended, few are considered as nefarious and as pervasive as those of the international economic development complex. By international economic development complex, I mean not only the organizations expected to provide said aid, but also the governments that fund these organizations as part of their international engagement...... middle of article..... .nd.Krasner, SD (1968). The International Monetary Fund and the Third World. International Organization, 22(3), 670-688 CR – Copyright © 1968 University of . doi:10.2307/2705715Krasner, SD (1982). Structural causes and consequences of the regime: regimes as intervening variables. International Organization, 36(2), 185-205. doi:10.2307/2706520Krasner, SD (1991). Global communications and national power: life on the Pareto frontier. World Politics, 43(3), 336-366. doi:10.2307/2010398Mikesell, R. F. (1994). The Bretton Woods Debates: A Memoir. (M. Riccardi, ed.). Princeton, New Jersey: International Finance Section, Department of Economics, Princeton University. Retrieved from http://catalog.hathitrust.org/api/volumes/oclc/30068013.htmlOffice of Development Aid, O. (2008). Is it ODA? Radelet, S. (2006). An Introduction to Foreign Aid (Vol. 92). Center for Global Development.