World Affairs
  • Year: 2009
  • Volume: 13
  • Issue: 2

The Financial implosion of Dominant Economic Centres: Implications for Societies and People in the New Multipolar World Order

  • Author:
  • Niloufer Bhagwat
  • Total Page Count: 13
  • Page Number: 86 to 98

Abstract

The current American leadership has had to admit that long-term US policies are mostly to blame for the current global financial and economic crisis. It is therefore necessary to review the process that led to this meltdown of the system supported by the Bretton Woods Institutions, understand the motivations of the main actors and work for the creation of a sound and fair international multipolar economic and political order.