US President Richard Nixon’s decision to end the US promise to convert dollars into gold changed the global financial system.
Nixon’s decision left the IMF without a clearly defined role. Under the leadership of the industrialised countries, it began to fashion a new more intrusive and ideological role.
Brussels Gare du Nord.
the International Financial Conference in Brussels in 1920 hoped to reset the global economic order after a disastrous world war and pandemic. It hold lessons for leaders today.
Cash of the titans.
Stand by for cryptocurrencies 2.0.
The IMF headquarters in Washington DC.
The IMF has increasingly turned its focus to growing inequality worldwide. Ironically, research shows that policy reforms it mandated exacerbated income inequalities.
World Bank President Jim Yong Kim speaks during the Milken Institute Global Conference in the US.
The World Bank has changed direction. It won’t be giving up on public funding, but it will increasingly be trying to attract private investors to developing countries.
aesthetics of crisis/Flickr
Where now for one of the great emblems of post-World War II global co-operation?
People carry photos of soldiers who died during the attack on Pearl Harbor.
AP Photo/Andres Kudacki
The Japanese attack on a US naval base on Dec. 7, 1941 set in motion a series of events that transformed the United States into a global superpower. Will Donald Trump bring that era to an end?
BRICS leaders at a meeting ahead of the G20 summit in Turkey in 2015.
REUTERS/Mikhail Klimentyev/RIA Novosti/Kremlin
The BRICS bank is positioning itself to play a significant role in those areas in which the international financial institutions are seen to have failed.
The 82nd Airborne taking part in NATO exercises in Spain.
No election in recent times has so clearly presented American voters with such a stark choice when it comes to U.S. foreign policy. A guide to the major differences.
South Africa’s Finance Minister Pravin Gordhan delivers his 2016 budget address to parliament in Cape Town.
South Africa’s finance minister delivered a good mix of macro and micro-economic strategies to ensure the country survives economic uncertainty, restores confidence and achieves some growth.
The rise of the BRICS countries is a case of political life imitating economic art.
The global recognition of BRICS – Brazil, Russia, India, China and South Africa – has not only led to their greater global political influence, but also reinforced their regional leadership.
The G20 of today faces a different type of crisis to the one it was founded on.
To understand this week’s G20 Summit being held in Brisbane, Australia, and measure its success, requires a sense of the history of economic crisis and change. Recurring crises have shaped global institutions…
Does this mean Putin is the new Keynes?
Could history one day judge the latest BRICS summit as significant as the Bretton Woods conference of 1944? That is the hope of leaders from Brazil, Russia, India, China, and South Africa as they meet…