Bretton Woods System Institutions Analysis
The Bretton Woods system was established in 1944 to foster global economic cooperation and create a stable international economic order following World War II.
The primary institutions created directly from the Bretton Woods agreements were the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (World Bank).
The General Agreement on Tariffs and Trade (GATT), although established shortly after and formally separate, is considered part of the broader framework and institutional arrangements envisioned by the Bretton Woods system to promote free trade.
The Asian Development Bank (ADB) is a regional development bank established much later, in 1966. Its focus is specifically on economic development within the Asian continent.
Therefore, the ADB was not one of the institutions created by or directly associated with the original Bretton Woods system.
