Reform of the International Economic System: What does China want?

Yiping Huang, Weihua Dang, J Y Wang

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    The current international economic system, which was first established in the mid-1940s, contains three key features. First, the United States is a dominant leader in designing and enforcing the international economic rules. Second, the US dollar has been the cornerstone of the international monetary system, both before and after the breakdown of the Bretton Woods system. And finally, three international organisations—the International Monetary Fund (IMF), the World Bank and the World Trade Organisation (WTO)—are responsible for maintaining international economic order.
    Original languageEnglish
    Title of host publicationRising China: Global Challenges and Opportunities
    Editors Jane Golley and Ligang Song
    Place of PublicationCanberra Australia
    PublisherANU ePress
    Pages29-44
    Edition1st
    ISBN (Print)9781921862298
    DOIs
    Publication statusPublished - 2011

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