The ____ Institution inaugurated an era of unprecedented growth for western industrial nations and Japan.

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Detailed Solution

The Bretton Woods Institution inaugurated an era of unprecedented growth for western industrial nations and Japan.
IMF (International Monetary Fund), also termed the Bretton Woods institution, is an organisation that deals with external surpluses and deficits of its member nations. It was established at the financial conference held in 1944 to ensure the economy's stability and to bring orderly development to the world economy in the post-World War II era. The Bretton Woods system worked according to the fixed exchange rate. All these arrangements were made after World War II because they caused immense economic devastation and social disruption.

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