Defining Development and its Relationship with the Bretton Woods System: a Critical Analysis

Type 6 Bungalow: built during early 1900’s. Lucknow, India. Photograph by the Author.

The term ‘development’ refers to the self-sustained economic growth of a country or an institution. This process is usually determined by observing improvements in the living standards of a population as a whole. Ideally, economic development should influence peace, lead towards security and facilitate international co-existence…