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Securing the World Economy - The Reinvention of the League of Nations, 1920-1946 (Hardcover)
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Securing the World Economy - The Reinvention of the League of Nations, 1920-1946 (Hardcover)
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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.
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