INFLUENCE OF THE BRETTON WOODS INSTITUTIONS ON ECONOMIC GROWTH: LITERATURE SURVEY FOR TRANSITIONAL ECONOMIC SYSTEMS

Information
Title: INFLUENCE OF THE BRETTON WOODS INSTITUTIONS ON ECONOMIC GROWTH: LITERATURE SURVEY FOR TRANSITIONAL ECONOMIC SYSTEMS
Issue: Vol. 4, No 2, 2011
Published date: 20-11-2011 (print) / 20-11-2011 (online)
Journal: Economics & Sociology
ISSN: 2071-789X, eISSN: 2306-3459
Authors: Oleksandr Chornyy
Keywords: transitional economies, economic growth, Bretton Woods institutions, methodology, literature survey
DOI: 10.14254/2071-789X.2011/4-2/4
DOAJ: https://doaj.org/article/78f540a6d36e44fd81329f66f9b5b97d
Language: English
Pages: 32-41 (10)
JEL classification: F43
Website: https://www.economics-sociology.eu/?153,en_influence-of-the-bretton-woods-institutions-on-economic-growth-literature-survey-for-transitional-economic-systems
File http://www.economics-sociology.eu/files/07_Chornyy_1_2.pdf
Abstract

The countries with the economies in transition to market system are usually treated the same as the other countries with different institutional systems. The same case is with the Bretton Woods Institutions that, while offering their financial assistance, impose advices commonly considered as identical to the approaches they use to other countries. This idea led to the discussion whether International Monetary Fund, World Bank and World Trade Organization really have positive effect on the economic growth of the countries in transition. This paper offers detailed literature survey on the discussion and suggests the methodological framework for the actual estimation of the Bretton Woods Institutions’ influence on the economic growth of the transitional countries.