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Bretton Woods Agreement

July 23, 2026

Who the welfare state protects shapes a country’s financial openness

Martino Comelli Advanced economies did not simply abandon capital controls after the 1944 Bretton Woods Agreement. Martino Comelli and Pedro Perfeito Da Silva show that welfare states quietly took over their job. Countries that protect workers can afford open financial borders. Countries that spend mainly on pensioners still police the movement of money Read more

The Loop

Cutting-edge analysis showcasing the work of the political science discipline at its best.
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THE EUROPEAN CONSORTIUM FOR POLITICAL RESEARCH
Advancing Political Science
© 2026 European Consortium for Political Research. The ECPR is a charitable incorporated organisation (CIO) number 1167403 ECPR, Harbour House, 6-8 Hythe Quay, Colchester, CO2 8JF, United Kingdom.
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