Harry Blutstein
Search for other papers by Harry Blutstein in
Current site
Google Scholar
PubMed
Close
Part II: Sovereignty of global markets
Abstract only
Log-in for full text

In 1971, in order to find a quick fix to America’s growing currency crisis, President Richard Nixon ended the convertibility of the US dollar to gold removing a key feature of the Bretton Woods monetary system. Called the ‘Nixon Shock,’ it threatened the postwar international order.

Into the breach stepped a new generation of global architects, mainly drawn from the business community and neoliberal think tanks. Together, they worked towards a new model of globalisation in which governments would step back from active management of the world’s economy. Instead, the rule of law would limit the ability of governments to interfere with the free movement of goods, services and capital around the world.

  • Collapse
  • Expand

All of MUP's digital content including Open Access books and journals is now available on manchesterhive.

 

Metrics

All Time Past Year Past 30 Days
Abstract Views 228 106 10
Full Text Views 55 4 0
PDF Downloads 35 2 0