The Formation of the Bipolar Structure of International Finance after World War II

DOI

10.2991/emle-17.2017.26How to use a DOI?

Keywords

regional financial system; the Bipolar Structure; the Comecon; the Bretton Woods System

Abstract

The devastating blow brought by the Second World War not only changed the international political and economic situation, but also prompted the international community to reflect on the meaning of war, which laid the foundation for peace and development after the war and made postwar reconstruction become the primary goal of all countries. However, cooperation and development failed to not completely cross the ideological bondage and expressed in the form the integral confrontation of the ideological, that is, the confrontation between capitalism and socialism. This is also what the concept of structural differences cannot be avoided. A single country could be materially constrained in the development by the lack of production factors, but the cluster advantage brought by the group of countries could make up for this shortcoming, which resulted in a capitalist camp led by the United States and socialist camp led by the Soviet Union, and the Bretton Woods System and the Comecon become the stabilizer of peace and development of the two camps after the war.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Angang Li
PY  - 2017/12
DA  - 2017/12
TI  - The Formation of the Bipolar Structure of International Finance after World War II
BT  - Proceedings of the 3rd International Conference on Economics, Management, Law and Education (EMLE 2017)
PB  - Atlantis Press
SP  - 121
EP  - 124
SN  - 2352-5428
UR  - https://doi.org/10.2991/emle-17.2017.26
DO  - 10.2991/emle-17.2017.26
ID  - Li2017/12
ER  -