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The Bretton Woods Conference of 1944 resulted in the formation of the International Monetary Fund and World Bank and helped lay the foundation for an unprecedented expansion of international commerce. Yet six decades later, at the beginning of the twenty-first century, the central characteristics of the Bretton Woods system remain disputed-and the subject of continuing public policy debate. Relying on extensive access to IMF, World Bank, and other archives, the contributors to Orderly Change show that the history of international monetary relations since Bretton Woods is one of orderly change -that is, change within a sturdy but supple framework. Even during the years of fixed exchange rates, very different practices characterized international monetary relations immediately after World War II, during the 1950s, and during the 1960s. Later, when the fixed exchange-rate system collapsed, underlying commitments to trade liberalization in the context of continuing national ecomic policy automy survived and even flourished. However, the resulting international ecomic order is w in grave danger: the tension between states' automy and their mutual openness has become acute, as international monetary structures longer appear capable of mediating between these objectives. David M. Andrews and the contributors to Orderly Change examine past transitions as a means of suggesting possible avenues for current and future policymaking. Contributors: David M. Andrews, Scripps College; Jeffrey M. Chwieroth, London School of Ecomics; Lucia Coppolaro, Universitat Pompeu Fabrae; E. Richard Gold, McGill University; Eric Helleiner, University of Waterloo; Louis W. Pauly, University of Toronto; Wesley W. Widmaier, St. Joseph's University; Anastasia Xenias, Hunter College, City University of New York; Hubert Zimmermann, Cornell University
David M. Andrews is Professor of Politics and International Relations and Director of the European Union Center of California at Scripps College. He is coeditor of Governing the World's Money, also from Cornell, and editor of The Atlantic Alliance under Stress: US-European Relations after Iraq.