... development projects". (Preston, 157) The Bretton Wood Conference then led to establishment of the International Monetary Fund, otherwise known as the IMF, and the World Bank (IBRD). Also established was a body concerned with regulating trade, the G.A.T.T. (General Agreement on Tariffs and Trade) and the Marshall Plan for European Recovery. One of the reasons for their establishment was U.S. self-interest and fear ... to measure up to the model of the modern. Rostow's theory deals with this bias, as well as the abolition of the history of the Third World countries, presupposing a primit...

• Word Count: 1471
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate