ABSTRACT

Many commentators see the current global economic and financial crisis as spawning opportunities for reform and transformation for a better world. Specifi- cally reacting to the origins of the crisis, a “Bretton Woods moment” has been declared by those seeking structural changes in the international financial archi- tecture. Others have declared the demise of the neoliberal consensus, which was headlined by policies promoting privatization, liberalization and deregulation, and the implementation of structural adjustment programs during the latter decades of the twentieth century.