1 When designing the post-World War II international system, policymakers were aware of the world economic crisis of the 1930s and the lack of efficient mechanisms on the international level to cope with such events. A new concept of peace emerged, including economic and social aspects. The establishment of the ECOSOC (United Nations, Economic and Social Council [ECOSOC]) as a principal organ of the United Nations, reflected this idea, as did the creation of a monetary order and related institutions like the International Bank for Reconstruction and Development...
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