The third framing: Can an international economic system exist in the world of nationalisms?

T he post World War II international economic organizations were conceived and founded at the Bretton Woods conference held in July 1944, almost exactly eighty years ago. They sought to avoid the disastrous economic effects of protectionism that deepened and lengthened the Great Depression and perhaps led to the War. The rules were based on the ideas of fixed exchange rates, moderate tariff…