Do we need a new Bretton Woods Conference?: Critical discussion about the need of the global banking and trading system for a new Bretton Woods Conference (English Edition)

In context of the latest global financial crisis, more and more leading decision-makers call for a second Bretton Woods Conference to achieve a sustainable solution to the problems occurring with the crisis. This essay picks up this discussion by analysing the historical background of the Bretton Woods Conference and its outcomes. In addition, the developments of the three main international institutions resulting from this conference get addressed. Furthermore, the current global political situation and the developments of the global financial crisis get analysed in order to indicate the obstacles of a second Bretton Woods Conference. The essay finally closes with the conclusion of whether or not a second Bretton Woods Conference is likely to provide a solution to the global financial crisis.