Swan fabian essay

Another of the big lessons of the Great Depression was that action to stave off slumps must be internationally co-ordinated. Keynes devoted much of his latter life to promoting global economic stability and growth, making an important contribution to the Bretton Woods Agreement, which established the International Monetary Fund and the forerunner of today's World Bank. In a similar vein, the Australian government was a leading voice for the co-ordination of international stimulus measures, the maintenance of free trade, and the redesign and reconstruction of the world's global financial architecture in the aftermath of the crisis. Most importantly, we have been a big advocate for the overhaul of international economic decision making, in particular by championing the G20 group of nations.

Swan fabian essay

swan fabian essay

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