International Financial Cooperation

Japanese: 国際金融協力 - こくさいきんゆうきょうりょく

In light of the devastating experiences of the Great Depression of the 1930s, which were caused by countries adopting policies to impoverish their neighbors (specifically, competitive devaluations of exchange rates, strengthening of exchange controls, growing protectionism and competitive restrictions on imports), an agreement on international exchange and finance centered on the International Monetary Fund (IMF), known as the Bretton Woods system, was concluded after World War II. With the goal of stabilizing exchange rates, it promoted the liberalization of trade and exchange, and an international cooperation system was created with the aim of developing world trade and the world economy, which was a remarkable success.

Source: Heibonsha World Encyclopedia, 2nd Edition Information

Japanese:

1930年代の世界恐慌の際に各国が採った近隣窮乏化政策(具体的には為替相場切下げ競争，為替管理の強化，保護主義の高まりと輸入制限競争)による破滅的体験にかんがみ，第2次大戦後は，ブレトン･ウッズ体制といわれるIMF(国際通貨基金)を中心とする国際為替金融に関する取決めが結ばれた。為替相場の安定を目標に，貿易･為替の自由化を促進し，世界貿易ひいては世界経済の発展を目途とする国際的な協力体制ができあがり，めざましい成功をおさめた。

出典　株式会社平凡社世界大百科事典第２版について　情報

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