Towards Global Governance
The United Nations and the Bretton Woods institutions were created in an altogether different context. The countries that created tehm wanted to improve the living conditions of their people through rapid industrialisation and to participate in a more democratic world where the structure of governance treated nations as equal partners. In the pursuit of these objectives, the role of the nation state was perceived as critical everywhere. The perspectives on the management of economies in the industrialised world and strategies of development in the developing world, or in the erstwhile socialist bloc, are now very different. There were a few voices of dissent at the time, but it was, in effect, the development consensus of that era. The widespread acceptance of this approach, it would seem, represented a new consensus in thinking about development that came to be known as the Washington consensus. Privatisation, liberalisation, and globalisation have gathered momentum. This process has placed new players centre stage in the world economy.
Keywords: United Nations, Bretton Woods institutions, governance, nation state, development consensus, Washington consensus, privatisation, liberalisation, globalisation
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .