Stone

Definition

In the context of the International Political Economy, particularly when discussing the Bretton Woods Institutions, "Stone" does not refer to a literal rock but is metaphorically used to describe fundamental principles or foundational elements that these institutions are built upon. These principles include economic stability, financial cooperation among nations, and the promotion of international trade.

Related terms

Bretton Woods System: A monetary management system that established rules for commercial and financial relations among major industrial states in the mid-20th century.

International Monetary Fund (IMF):

An organization working to secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

World Bank:

An international financial institution that provides loans and grants to governments of poorer countries for the purpose of pursuing capital projects