| THE ▀█▀ █▀ █_█ ▀█▀ █▬█ Я Ξ √ Ω LUT ↑ ☼ N Please Share With All Your Contacts! Dawn of a new economic era? Soros convenes experts in Bretton Woods permalink email story to a friend print version Published: 11 April, 2011, 10:49 Dawn of a new economic era? Soros convenes experts in Bretton Woods (12.8Mb) embed video TAGS: Politics, Budget, History, USA, Cary Johnston, Lauren Lyster, Banking, Government Spending With emerging economies taking a leading role, a new era could be dawning in the world of global economics. That was one of the main topics on the table at the Bretton Woods conference in the US, hosted by billionaire philanthropist George Soros. The economic theories expounded upon at the conference are ideas that could change the world; the sight of billionaire George Soros, together with PhDs and Nobel Prize winners against backdrop of historical Bretton Woods certainly suggests there is real hope that they will. It was here that the allied nations came together during World War II in crisis searching for stability. They formed the international monetary fund, what today is known as the world bank, and established the US dollar as the global reserve currency. In New Hampshire, decades later in the wake of the latest financial crisis, a group of influential economists and former policy makers have come together to rethink that framework in response to a different world. "We have got to have a serious plan to reconstruct the international ... |
