structural:scholar_edition
Institutional arrangements

Institutional economists point to the international institutions established in the post-war period. Structurally, the victorious Allies established the United Nations and the Bretton Woods monetary system, international institutions designed to promote stability. This was achieved through a number of policies, including promoting free trade, instituting the Marshall Plan, and the use of Keynesian economics. Although this was before modern eastern countries growing their workforce I.e. before the outsourcing problem protectionists point to.