The life and times of embedded liberalism: legacies and innovations since Bretton Woods

  title={The life and times of embedded liberalism: legacies and innovations since Bretton Woods},
  author={Eric Helleiner},
  journal={Review of International Political Economy},
  pages={1112 - 1135}
  • E. Helleiner
  • Published 27 June 2019
  • Economics
  • Review of International Political Economy
Abstract In a widely cited 1982 article, John Ruggie identified the normative framework of Bretton Woods as ‘embedded liberalism’ and pointed to its enduring legacy in international economic governance through the 1970s. Revisiting Ruggie’s analysis at the 75th anniversary of Bretton Woods, I advance three arguments about the content and legacy of embedded liberalism in the international monetary and financial system. First, the embedded liberalism of Bretton Woods was an even more innovative… 
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