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Bretton Woods II
The New Global Economic Architecture for the 21st Century

The World Beyond the Stock Market Crash
of October 2008, 79 years on from 1929

London, UK - 24th October 2008, 09:55 GMT

Dear ATCA Colleagues

[Please note that the views presented by individual contributors are not necessarily representative of the views of ATCA, which is neutral. ATCA conducts collective Socratic dialogue on global opportunities and threats.]

"Bretton Woods II" is a term used to describe the proposed international summit tasked with overhauling the globe's financial structure and architecture. The name refers to the Bretton Woods system of monetary management which was instituted towards the end of World War II in 1944 at the United Nations Monetary and Financial Conference. The first meeting is likely to occur as early as November 15, 2008 in the US. Calls for a new Bretton Woods began surfacing in 2008 on September 26 when French, and current European Union President, Nicolas Sarkozy, said, "We must rethink the financial system from scratch, as at Bretton Woods." On October 13, British Prime Minister Gordon Brown said world leaders must meet to agree to a new economic system. "We must have a new Bretton Woods, building a new international financial architecture for the years ahead." Mr Sarkozy and US President George W Bush met on October 18 to discuss the possibility of a global financial summit. The meeting ended with an American offer to host a global summit after the US Presidential elections in early November modelled on the 1944 Bretton Woods accord. At the start of Bretton Woods in 1944, the then US President Franklin Delano Roosevelt said in his opening remarks, "The economic health of every country is a proper matter of concern to all its neighbours, near and far."

Bretton Woods -- The Historical Context

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Bretton Woods II -- The Future Agenda

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We welcome your thoughts, observations and views. Thank you.

Best wishes


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