Global Financial Crisis and the Clamor for a New World Financial Order – An African Perspective

S. Gozie Ogbodo


The Bretton Woods institutions (BWIs) form the core of the world’s international financial institutions (IFIs). In the light of the current financial and economic meltdown, the failure of the BWIs to forecast and cushion the impact for member countries, particularly; its graver consequences for developing countries have exposed the inherent weaknesses in the system. Consequently, there has arisen the call for a new world financial order that will be more representative of the world.

Full Text:



Copyright (c)

Journal of Politics and Law ISSN 1913-9047 (Print) ISSN 1913-9055 (Online)  Email:

Copyright © Canadian Center of Science and Education

To make sure that you can receive messages from us, please add the '' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.