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Securing the World Economy: The Reinvention of the League of Nations, 1920-1946

Author

Listed:
  • Clavin, Patricia

    (Zeitlyn Fellow and Tutor in History, Jesus College, Oxford; Professor of International History, Faculty of History, University of Oxford)

Abstract

Securing the World Economy explains how efforts to support global capitalism became a core objective of the League of Nations. Based on new research drawn together from archives on three continents, it explores how the world's first ever inter-governmental organization sought to understand and shape the powerful forces that influenced the global economy, and the prospects for peace. It traces how the League was drawn into economics and finance by the exigencies of the slump and hyperinflation after the First World War, when it provided essential financial support to Austria, Hungary, Greece, Bulgaria, and Estonia and, thereby, established the founding principles of financial intervention, international oversight, and the twentieth-century notion of international 'development'. But it is the impact of the Great Depression after 1929 that lies at the heart of this history. Patricia Clavin traces how the League of Nations sought to combat economic nationalism and promote economic and monetary co-operation in a variety of, sometimes contradictory, ways. Many of the economists, bureaucrats, and policy-advisors who worked for it played a seminal role in the history of international relations and social science, and their efforts did not end with the outbreak of the Second World War. In 1940 the League established an economic mission in the United States, where it contributed to the creation of organizations for the post-war world - the United Nations Organization, the IMF, the World Bank, the UN Food and Agriculture Organization - as well as to plans for European reconstruction and co-operation. It is a history that resonates deeply with challenges that face the Twenty-First Century world.

Suggested Citation

  • Clavin, Patricia, 2013. "Securing the World Economy: The Reinvention of the League of Nations, 1920-1946," OUP Catalogue, Oxford University Press, number 9780199577934.
  • Handle: RePEc:oxp:obooks:9780199577934
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    Citations

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    Cited by:

    1. Clara Elisabetta Mattei, 2015. "The Guardians of Capitalism: International Consensus and Fascist Technocratic Implementation of Austerity," LEM Papers Series 2015/23, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    2. Perri 6 & Eva Heims & Martha Prevezer, 2023. "How did international economic regulation survive the last period of deglobalization?," Regulation & Governance, John Wiley & Sons, vol. 17(1), pages 272-289, January.
    3. Jérôme Sgard, 2019. "The International Chamber of Commerce, Multilateralism and the Invention of International Commercial Arbitration," Post-Print hal-03594372, HAL.
    4. Jérôme Sgard, 2019. "The International Chamber of Commerce, Multilateralism and the Invention of International Commercial Arbitration," SciencePo Working papers Main hal-03594372, HAL.
    5. Hoffer, Rewert, 2021. "Is the business of business business alone? The International Chamber of Commerce and the origins of global business diplomacy, 1920-1931," LSE Research Online Documents on Economics 112961, London School of Economics and Political Science, LSE Library.
    6. Ganev, Georgy, 2017. "Chapter 13. Economics," MPRA Paper 103426, University Library of Munich, Germany.
    7. Ljungberg, Jonas, 2020. "The Myth of Competitive Devaluations in the 1930s," Lund Papers in Economic History 211, Lund University, Department of Economic History.
    8. Obstfeld, Maurice & Clavin, Patricia & Corsetti, Giancarlo & Tooze, Adam, 2021. "Lessons of Keynes’s Economic Consequences in a Turbulent Century," CEPR Discussion Papers 16610, C.E.P.R. Discussion Papers.
    9. Kahlert Torsten, 2019. "Pioneers in International Administration: A Prosopography of the Directors of the League of Nations Secretariat," New Global Studies, De Gruyter, vol. 13(2), pages 190-227, July.
    10. Giovanni Farese, 2019. "International development and supranational integration in the letters between David Lilienthal and Jean Monnet, 1946-1963," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 8(2), pages 101-109.

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