 |
Economic Power, Postwar International Finance and the Original Use of ‘Conditionality’
| |
| | Unformatted Document Text:
1
Economic Power, Postwar International Finance and the Original Use of
‘Conditionality’
This paper redefines economic realism under the framework of security and applies this
concept at the critical juncture of 1944-45, the period at the end of World War II when Bretton Woods was created, and the beginning of the Cold War in the area of finance. Specifically I examine US postwar loans to the United Kingdom and the Soviet Union in comparative perspective as exemplifying the type of ‘conditionality’ that would characterize US financial policy and IMF policy for the next fifty years. I argue that US financial policy toward its World War II allies was rational under assumptions of economic realism , and not as is often proposed the result of benign liberalism nor malign imperialism. This realist conditionality contributed to tensions that triggered the Cold War. In addition it set the tone for sovereign lending that would define postwar finance and IMF conditionality.
Anastasia Xenias
Ph.d candidate
Columbia University
Graduate School of Arts and Science
Department of Political Science
417 West 118
th
Street, 7
th
floor IAB
New York, NY 10027
## email not listed ##
Prepared for delivery at the 2004 Annual Meeting of the American Political Science Association,
September 2- September 5, 2004. Copyright American Political Science Association
The author would like to thank Professors Robert Legvold, Robert Jervis and Kenneth Waltz for their comments on earlier drafts of this paper.
|
| | Authors: Xenias, Anastasia. |
|
| |
|
|
1
Economic Power, Postwar International Finance and the Original Use of
‘Conditionality’
This paper redefines economic realism under the framework of security and applies this
concept at the critical juncture of 1944-45, the period at the end of World War II when Bretton
Woods was created, and the beginning of the Cold War in the area of finance. Specifically I
examine US postwar loans to the United Kingdom and the Soviet Union in comparative
perspective as exemplifying the type of ‘conditionality’ that would characterize US financial
policy and IMF policy for the next fifty years. I argue that US financial policy toward its World
War II allies was rational under assumptions of economic realism , and not as is often proposed
the result of benign liberalism nor malign imperialism. This realist conditionality contributed to
tensions that triggered the Cold War. In addition it set the tone for sovereign lending that
would define postwar finance and IMF conditionality.
Anastasia Xenias
Ph.d candidate
Columbia University
Graduate School of Arts and Science
Department of Political Science
417 West 118
th
Street, 7
th
floor IAB
New York, NY 10027
## email not listed ##
Prepared for delivery at the 2004 Annual Meeting of the American Political Science Association,
September 2- September 5, 2004. Copyright American Political Science Association
The author would like to thank Professors Robert Legvold, Robert Jervis and Kenneth Waltz for
their comments on earlier drafts of this paper.
|
|
 Convention | | All Academic Convention makes running your annual conference simple and cost effective. It is your online solution for abstract management, peer review, and scheduling for your annual meeting or convention. | | Submission - Custom fields, multiple submission types, tracks, audio visual, multiple upload formats, automatic conversion to pdf. | | Review - Peer Review, Bulk reviewer assignment, bulk emails, ranking, z-score statistics, and multiple worksheets! | | Reports - Many standard and custom reports generated while you wait. Print programs with participant indexes, event grids, and more! | | Scheduling - Flexible and convenient grid scheduling within rooms and buildings. Conflict checking and advanced filtering. | | Communication - Bulk email tools to help your administrators send reminders and responses. Use form letters, a message center, and much more! | | Management - Search tools, duplicate people management, editing tools, submission transfers, many tools to manage a variety of conference management headaches! | | Click here for more information. |
|
|
|
| |
|
|
|
Page 1 of 28 
