Bretton woods system - Study guides, Class notes & Summaries

Test Bank for Cohn Global Political Economy Theory and Practice 7th EditionChapter 1 Introduction Multiple Choice 1) Theorists who define globalization primarily as an economic phenomenon with little effect on the primacy of states are a) moderate globalists. b) hyperglobalists. c) internationalists. d) liberal economists. Answer: c; Page 7 2) Theorists who emphasize the fact that international relations is a “self- help” system are most often a) historical materialists. b) liberals. c...

Globalization The shift toward a more integrated and interdependent world economy. Globalization of markets The merging of historically distinct and separate national markets into one huge global marketplace. Globalization of production The sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production. Factors of production Labor, energy, land, and capital. General Agreemen...

GVPT 282 Midterm Latest 2023 Asian Infrastructure Investment Bank (AIIB) The AIIB is a financial institution focused on multilateral development in the Asia-Pacific region. This bank, with its 17-founding member and other joiners, competes with the IFIs established under the Bretton Woods System, mainly the World Bank and IMF. As a result, it threatens U.S.'s power to advance its foreign policy through conditionality for loans. Instead, IFIs may not compete, and this competition allows developi...

the rules of the game (classic gold standard) under the gold standard, a country's money supply was limited to the amount of gold held by its central bank; each country set the rate at which its currency unit (paper or coin) could be converted to a given weight of gold (fixed exchange rate) defending a fixed exchange rate under the gold standard, a country was responsible for preserving the exchange value of the country's currency by being willing and able to exchange its cu...

IB Global Politics Latest Update Graded A+ Realism is an approach to the study and practice of international politics. It emphasizes the role of the nation-state and makes a broad assumption that all nation-states are motivated by national interests, or, at best, national interests disguised as moral concerns. Liberalism With the proper institutions and diplomacy, ________ believes that states can work together to maximize prosperity and minimize conflict. Marxism is a political a...

IB Global Politics Vocab (units 1-4) Practice Exam with Verified Answers Realism - CORRECT ANSWER-an approach to politics that emphasizes the role of the nation-state and makes a broad assumption that all nation-states are motivated by national interests, or, at best, national interests disguised as moral concerns. Liberalism - CORRECT ANSWER-a theory founded on the natural goodness of humans and the autonomy of the individual and favoring civil and political liberties, government by...

Social Studies 10-1: Unit 3 Latest Update Graded A+ Big economic boom example In the 1920s - The rebuild after WWI caused an economic 'boom' around the world. What happened to the economy during the Great Depression? 1929 - USA's stock market crashPre-crash = closest to "true" capitalism Economic interconnectedness = Global recession -> Global depression 1930's - banks failed- people lost savings- mass unemployment/poverty- nations turned inwards- high tariffs- world trade...

Social Studies 10-1: Unit 3 - Economic Globalization Already Passed Nationalize The taking over of ownership by a government from private businesses Common Market An agreement between or among countries that includes the free trade of goods and services and the free movement of capital and labour within the trading bloc International Bank for Reconstruction and Development (IBRD) An institution of the World Bank that helps low & middle income countries re-develop International D...

GPE is made of three dimensions which do not include which one of these? a. Political b. Economic c. Capitalism d. Societal Capitalism GPE has evolved since the pre-18th century, during this period it was made up of? Mercantilism The Bretton woods system came into effect in which century? 20th century Some Present and future challenges that GPE include these except for? Lack of technological advancements

IB Global Politics Vocab (units 1-4) Practice Exam with Verified Answers Realism - CORRECT ANSWER-an approach to politics that emphasizes the role of the nation-state and makes a broad assumption that all nation-states are motivated by national interests, or, at best, national interests disguised as moral concerns. Liberalism - CORRECT ANSWER-a theory founded on the natural goodness of humans and the autonomy of the individual and favoring civil and political liberties, government by...