The Task Of The World Bank Was Established By The Bretton Woods Agreement Is To

The architects of Bretton Woods had envisioned a system in which exchange rate stability was a priority. But in an era of more activist economic policy, governments did not seriously consider fixed interest rates, modeled on the classic nineteenth-century gold standard. Gold production has not even been enough to meet the demands of growing international trade and investment. In addition, much of the world-famous gold reserves were in the Soviet Union, which was later to become the United States and Western Europe as Cold War rivals. In 1944, representatives of all the major Bretton Woods allied nations, due to the collective conventional wisdom of the time,[15] were in favor of a regulated system of fixed exchange rates, indirectly disciplined by a gold-linked U.S. dollar[16] – a system based on a regulated market economy with strict controls on currency values. . . .


Working Agreement Draft

Non-compete obligation (or non-competition obligation): A non-competition obligation prevents the employee from working for direct competitors of the company during and after the end of his employment relationship. Non-compete obligations generally apply for a certain period after termination and must meet certain requirements that must be applied. B for example, restriction to an appropriate geographical […]