The Demise of the Postwar Order
Jul 2nd, 2016 | By Dr. Jim EckmanAt the end of World War II, the United States and its victorious allies constructed an entire new world order based on military and financial treaties and alliances that were to promote the goals of global peace, security and economic prosperity. The North Atlantic Treaty Organization (NATO), the International Monetary Fund (IMF), and the World Bank were the institutions created to foster these postwar goals. Intense nationalism and high protective tariffs (taxes on imported goods) were seen as the enemies of this new order and these institutions were designed to balance nationalism with globalization and tariffs with a penchant for free trade.

