LIEOLiberal International Economic Order
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After the Second World War, at Bretton Woods, the United States tried to resurrect three of the pillars on which the 19th century LIEO had been built: free trade, the gold standard, and free capital mobility.
During that period, the developing countries balked at opening up their economies and were granted various special privileges and exemptions from the emerging LIEO.
The whole web of multilateral organizations created at the end of the Second World War to promote a new LIEO has served its initial purpose, and in many cases become counterproductive.