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Martin Wolf on Bretton Woods at 75: global co-operation under threat

“We have come to recognise that the wisest and most effective way to protect our national interests is through international co-operation — that is to say, through united effort for the attainment of common goals.”

US Treasury secretary Henry Morgenthau Jr, closing address at Bretton Woods Conference, July 22, 1944

“We must protect our borders from the ravages of other countries making our products, stealing our companies and destroying our jobs. Protection will lead to great prosperity and strength.” 

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