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The Bretton Woods Conference of 1944 resulted in the formation of the International Monetary Fund and World Bank and helped lay the foundation for an unprecedented expansion of international commerce. Yet six decades later, at the beginning of the twenty-first century, the central characteristics of the Bretton Woods system remain disputed—and the subject of continuing public policy debate. Relying on extensive access to IMF, World Bank, and other archives, the authors show that the history of international monetary relations since Bretton Woods is one of "orderly change"—that is, change within a sturdy but supple framework. Even during the years of fixed exchange rates, very different practices characterized international monetary relations immediately after World War II, during the 1950s, and during the 1960s. Later, when the fixed exchange-rate system collapsed, underlying commitments to trade liberalization in the context of continuing national economic policy autonomy survived and even flourished. However, the resulting international economic order is now in grave danger: the tension between states' autonomy and their mutual openness has become acute, as international monetary structures no longer appear capable of mediating between these objectives. David M. Andrews and the contributors to Orderly Change examine past transitions as a means of suggesting possible avenues for current and future policymaking.
This book was triggered by the recent geopolitical shifts and the turn towards an allegedly post-factual era. An Orderly Mess is a timely diagnosis of the current dissolution of the modern order, while highlighting the opportunities of messiness. The essay focuses on the temporal and spatial dimensions in which messiness becomes apparent today: broken time lines and fragmented spaces. Messiness is framed by a blurring of the world orderings inherited from modernity. Against the backdrop of rapid digitalization, we may find ourselves again in a phase of transition toward new ways of world ordering. The focus on messiness reveals the different patterns of order and disorder that underpin the current process of transition. In the second half of the volume the author revisits her 1989 book on Eigenzeit, which explored how moderns experience time, or are exposed to it. A quarter century later she finds that the new inventions of technology have challenged the traditional meaning of time (and also of space) even more, increasing the non-simultaneity of human existence. Today, small devices channel into one?s fingertips medial eigenzeit: the time that one has to oneself in order to spend it with those who are absent. The past has shrunk and the present extends to the future: ?there is no pre?determined future, only a future that is as radically open as it is inherently uncertain?. ÿ
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