Bretton Woods system is responsible for the underdevelopment of the Third World Countries.

Question

Quizplus · Accepted Answer

The Bretton Woods system primarily established rules for commercial and financial relations among major industrial states. It did not directly aim at or result in the underdevelopment of Third World Countries; underdevelopment has more complex causes including colonial history, governance issues, and global trade dynamics.

Bretton Woods System Is Responsible for the Underdevelopment of the Third