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A Comparative Assessment

In: The UN and the Bretton Woods Institutions

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  • Catherine Gwin

Abstract

Changed international circumstances have created both the opportunity and the need to look afresh at the performance and potential of multilateral institutions. Key changes include: (1) The end of the cold war and the opportunities and challenges posed by transformations taking place both within former communist countries and across the former East—West divide. (2) The setbacks in growth and development that occurred in the 1980s and the new thinking on development that emerged in the course of the ‘lost decade’ — notably the turn to democracy, markets and social development needs. (3) Irreversible developments in technology and global economic interdependence, heightened attention to emergent global problems — such as environmental degradation, narcotic trafficking and use, the spread of AIDS, and the proliferation of weapons of mass destruction — and the growing recognition of the need to forge new cooperative, public—private arrangements to deal with transborder problems. (4) The tightening of aid resources, because of competing demands (both domestic and foreign), and the corresponding new emphasis on aid effectiveness.

Suggested Citation

  • Catherine Gwin, 1995. "A Comparative Assessment," Palgrave Macmillan Books, in: Mahbub ul Haq & Richard Jolly & Paul Streeten & Khadija Haq (ed.), The UN and the Bretton Woods Institutions, chapter 7, pages 95-116, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-23958-0_8
    DOI: 10.1007/978-1-349-23958-0_8
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