Transnationalism and the League of Nations: Understanding the Work of Its Economic and Financial Organisation

Abstract

This article explores the work of the little-studied Economic and Financial Organisation of the League of Nations. It offers a sustained investigation into how this international organisation operated that assesses the transnational aspects of its work in relation to its inter-governmental responsibilities, and demonstrates the wide-ranging contribution of the organisation's secretariat. The second part of the article establishes the way in which transnationalism enabled the United States, the League's most influential non-member, to play a crucial role in shaping the policy agenda of the League. It also shows how a growing sense of frustration in its work prompted EFO to attempt to free itself from inter-governmental oversight and become an independent organisation to promote economic and financial co-operation in 1940 – a full four years before the creation of the Bretton Woods agreements.