In this analysis, Shelton calls for a unified international monetary regimeâa new Bretton Woodsâto lay the foundation for worldwide stability and prosperity in the post-Cold War era.
Despite worldwide rhetoric about free trade and the global economy, the leading economic powers have done little to address the most insidious form of protectionismâthe inherently unstable international monetary system. In outlining steps toward a new world monetary structure, Judy Shelton elevates the needs of individual producersâwho actually create wealth in the global economyâover the programmes of governments.