Like the Bretton Woods conference of 1944 which set up the World Bank and the IMF, the Ditchley Park conference grappled with the structural and institutional challenges facing the future.

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Former Belgian Prime Minister Mark Eyskens says what's needed is something similar to the 1944 Bretton Woods Conference that created rules and institutions to rebuild the economic system after World War II.

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So do you think we need something like a sort of latterday Bretton Woods conference like we had towards the end of the last War, do we need to get nations together to make the playing field more even?

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The World Bank and the International Monetary Fund were created at the conference at Bretton Woods in 1944 as a means to regulate trade between nations in the aftermath of the Great Depression and World War II.

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Soros and other investors held a conference at the Bretton Woods Resort hotel near Mt.

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What might surprise readers is how little of a book about Bretton Woods actually takes place at the actual conference.

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The World Bank was established in 1944, at a conference on postwar reconstruction in Bretton Woods, New Hampshire, where representatives of more than forty nations agreed to create two new institutions: the International Monetary Fund, which was charged with guaranteeing stability in global currency markets, and the International Bank for Reconstruction and Development, which was charged with raising money for the rebuilding of Europe.

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More than a few observers have dubbed this meeting Bretton Woods II, a reference to the 1944 international conference that established the post-World War II monetary system.

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