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Securing the World Economy - The Reinvention of the League of Nations, 1920-1946 (Paperback)
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Securing the World Economy - The Reinvention of the League of Nations, 1920-1946 (Paperback)
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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 confronted 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 financial 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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