nartor] emergg fr thedevastat, nations had to choose a strategy for growth within the newly formed bretton woods system. - there was a consensus that increased trade barriers contributed to the war. - you can think of it broadly bretton woods and the gap together as the two big liberalizing trade and monetary and investment liberalization after world war ii. in those days we were by far the biggest steel makers in the world. by far the biggest airplane producers, car producers, whatever you wanted to look at we had half of the world's gdp. i think we thought we were taking and did take a constructive approach by opening our markets to others, but we expected their markets to be open to us. - [narrator] how a nation approaches the concept of trade has a profound impact on whether it will prosper or struggle. the impact of the north american free trade agreement, nafta, is still debated today. - our economic teams are gonna continue to work together. - i am gonna renegotiate nafta. - nafta has led to the loss of more than 680,000 jobs. - the reason that nafta has been so controversial is it

system for all not speaking about the bretton of what system the soviet representatives did attend that conference so they had it in them to show up at the event but they did not ratify the final agreements charging that the institutions that the conference created was. one of the branches over the wall street and i think that is the view that many in moscow still espouse your work both at the i.m.f. and world bank do you agree with this assertion that richest bear a popular in moscow maybe even in beijing that the i.m.f. the world bank are essentially. serving being processed in bias well i think the outcome certainly through the first sixty years of these situations is that they serve the interests of most of the world i don't think you could argue with that one i mean we've had you nervous economic growth unheard in the history of mankind most countries have benefited by it some where the know there is those who opened up more benefited more than those less i think that's unquestionable so i don't think that it's a question of that certainly the united states was very dominant it is

that america actually before him has put in place absolutely you know that was much of the legacy of bretton woods institutions and. experience from the great depression that we need each other badly all right but he seems to up and that let's talk about his presence at davos i mean he was this star of the show what do you make of the fact that he's the first u.s. president in almost two decades to make an appearance at the world economic forum i think what's also important is you know the last time when bill clinton came it was kind of a last last tour of a great rock star here it's the beginning of his minutes administration it's also for him it's very important to be accepted by the elites one of the grudges donald trump has carried with him is that he was not accepted by the manhattan elite by the great financial elite and here he is now center stage which is a place that he certainly likes to be he loves the limelight indeed. what's interesting is that he did not very off script it was this you know according to you if you go by some of his past features a very subdued speech a lot of p

hamish de bretton—gordon, an adviser to the union of medical and relief organisations, gave us this updatelready said, although the past ten days, we have seen a vast increase in the air attacks, particularly in ghouta, and particularly in places which were supposed to be safe, which was agreed a while ago. but we have seen great intensity, and as your report says, it's now focused on the hospitals, focused, as you say, on ten hospitals that were put out of commission in the last ten days, and only today, again, major attacks entered ghouta. 400,000 people are trapped there, including 125 children who desperately need life—saving surgery. we, with the un and the international red cross, managed to get 29 people out on the 27th of december who needed desperate, life—saving surgery, and at this moment, i understand 25% of the children in ghouta are dying of malnutrition. they have had no food or medicine is delivered to them for the last four months, and in fact no real proper aid for a couple of years. so, it is an absolute desperate situation in ghouta at the moment. the department store h

and new institutions created by these emerging economies as being crucial to all of all shoulder bretton woods agreements of the world war two have collapsed they have no sense anymore they have to be changed brics is one of the alternatives the world has tyner has a big account to me with a big bank of development and it gives opportunities as well to latin america and russia has as well you know i should tell you though interrupting britain defied washington to join the bank and downing street said we are not washington's poodle here that those those affairs you know but we believe we need like a common dentist services and my daughter is doing as well a world with several centers and poles and that in america should be a center ok we'll just fine you right now don't trouble and only threatening arguably the people of venezuela he's threatening big multinational oil interests what would you say to people that chevron phillips sixty six valero energy. he who invested billions in refining imported venezuelan oil for the united states they were surprised many refineries in the united stat