Hoover Institution fellow Condoleezza Rice analyzes the opt-in international system that arose after World War II and how it fostered prosperity (starting at 2:40), Robert Staiger discusses the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (at 34:57), and Barry Eichengreen assesses the role of the International Monetary Fund (at 1:06:38). Finally, Kevin and Steve take stock of lessons learned (at 1:32:43).

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