ABSTRACT

This chapter argues that the foundations of modern global governance were indeed laid down at the Bretton Woods's conference and subsequent meetings about trade. It shows that to a much greater extent than is generally acknowledged in the dominant academic literature in international relations and international political economy, the negotiations involved, and were significantly affected by, a much more extensive participation by governments other than the United States (US) and Britain in devising the structure of the emerging post-war global order. At the Bretton Woods conference itself, countries such as India and Mexico presented the case within the respective Commissions for giving a greater developmental focus to both the IMF and the Bank. The chapter shows that the poorer countries did have other demands and objectives and has demonstrated that they succeeded at least in placing them on the table of the new emerging mode of global governance.