The former dean of the Yale School of Management and Undersecretary of Commerce in the Clinton administration chronicles the 1971 August meeting at Camp David, where President Nixon unilaterally ended the last vestiges of the gold standard--breaking the link between gold and the dollar--transforming the entire global monetary system. Over the course of three days--from August 13 to 15, 1971--at a secret meeting at Camp David, President Richard Nixon and his brain trust changed the course of history. Before that weekend, all national currencies were valued to the U.S. dollar, which was convertible to gold at a fixed rate. That system, established by the Bretton Woods Agreement at the end of World War II, was the foundation of the international monetary system that helped fuel the greatest expansion of middle-class prosperity the world has ever seen. In making his decision, Nixon shocked world leaders, bankers, investors, traders and everyone involved in global finance. Jeffrey E. Garten argues that many of the roots of America's dramatic retrenchment in world affairs began with that momentous event that was an admission that America could no longer afford to uphold the global monetary system. It opened the way for massive market instability and speculation that has plagued the world economy ever since, but at the same time it made possible the gigantic expansion of trade and investment across borders which created our modern era of once unimaginable progress. Based on extensive historical research and interviews with several participants at Camp David, and informed by Garten's own insights from positions in four presidential administrations and on Wall Street, Three Days at Camp David chronicles this critical turning point, analyzes its impact on the American economy and world markets, and explores its ramifications now and for the future.

Latin America in a New Era of Globalization: Essays in Honor of Enrique V. Iglesias is the tribute a group of friends pays to Enrique Iglesias. By virtue of his roles and his actions, Enrique became, decades ago, a recognized and highly valued Latin American citizen who, throughout his career, he has made important contributions to development and democracy of the region, in addition to being a bridge between it and the rest of the world.His career has been one of prominence Chairman of the Central Bank, and then Minister of Foreign Affairs of Uruguay, Executive Secretary of the Economic Commission for Latin America and the Caribbean, President of the Inter-American Development Bank and, until a few months ago, Secretary General of the Ibero-American General Secretariat.As rightly pointed out by Enrique Garcia in Madrid on May 20th, 2014 at the presentation of the preliminary edition published by the CAF- Bank of Development in Latin America:The book project Latin America in a New Era of Globalization, Essays in Honor of Enrique V. Iglesias which we present in this document, is a well-deserved tribute to a Latin American citizen who has put his life and ideas at the service of the region, defending the dream that has guided generations and is synthesized in the virtuous trilogy: democracy, sustainable development and integration...There is no doubt that his thinking, his contributions to development and democracy are legacies that set examples for those people of Latin America -yesterday, today and tomorrow- who have deep convictions in free, equitable and prosperous societies, the need for greater regional integration and intelligent articulation internationally and, above all, in the capacity to forge their own destiny.

Since World War II six risk-sharing institutions to stimulate foreign investment have been established by the U.S. government and several international organizations. These are thoroughly studied. Originally published in 1965. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.