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What is End of Bretton Woods and Globalisation about?
The Bretton Woods Conference in 1944 established a fixed exchange rate system and created the IMF and World Bank to promote economic stability and cooperation post-World War II. The decolonization process saw many nations gain independence, with the IMF and World Bank aiding their integration into the global economy. By the 1970s, the Bretton Woods system collapsed due to currency imbalances, leading to the rise of globalization characterized by flexible markets and the emergence of multinational corporatio
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- pujatarafdar94
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