What multilateral institution was created under the Bretton Wood system to manage the world economy?

Q: Explain why, despite comparative cost disadvantages, countries might tend to protectionism for…

A: Protectionism : Protectionism refers to the deliberate practice of limiting imports or promoting…

Q: How would you define and explain the balance of payments, and how this concept affects the ability…

A: Global trade: It means the import and export of goods and services across international boundaries.

Q: What are the two reasons for unfavorable terms of trade in semi-developed countries?

A: Terms of trade of a country is the proportion of export price index to the import price index.

Q: Why do sceptics doubt that globalization is transforming International Political Economy?

A: Many academicians and researchers have raised their concerns about the role of globalization in the…

Q: How does free trade enhance global efficiency?

A: Free Trade Answer: Free trade represents a situation where different countries in the world can…

Q: Why are countries pushing to sign regional integration blocs?

A: Regional integration occurs where few neighbouring enter into the economic agreements thereby…

Q: what specific kinds of domestic institutions leads to protectionism and liberalization?

A: Trade liberalization  has always bene one of the controversial topics and it has been opposite to…

Q: Will countries be better off under a multilateral economic liberalization regime or under a system…

A: Economic integration is a plan among countries that ordinarily incorporates the decrease or disposal…

Q: What do you mean by OECD nations?

A: International trade occurs when there is an exchange of goods and services between various trading…

Q: Is Global Integration good or bad?

A: Government and central bank are important for the economy. Some countries have certain resources in…

Q: Why international economic policy and policy coordination is important?

A: The international economic policies refers to the policies of the government that influence trade…

Q: Is trade liberalization good for developing countries? Discuss your answer.

A: Trade liberalization refers to the reduction or elimination of government regulations and/or…

Q: If a country closes off to trade and prices remain unchanged, what does that mean?

A: A closed economy refers to one that does not trade with other countries. As a result, the closed…

Q: Will countries be better off under a multilateral economic liberalization regime or under a system…

A: We show that Countries will be better off under the regional economic integràtion plan.…

Q: Is trade within the US a significant component of development?

A: Trade is one of the most important component in US. It is critical for US as it is fueling economic…

Q: what are some pros and cons for International Trade from the viewpoint of the developing nation?

A: IT (international trade) refers to the transactions of commodities and services between domestic and…

Q: using, Heckscher-Ohlin model, analyse how a small growing African country can trigger benefits from…

A: The Heckscher-Ohlin model is an economic theory that states countries should export what they can…

Q: What multilateral institution was created under the Bretton Wood system to manage the world economy?…

A: Bretton Wood System was used in pegging the US dollar to gold price which started in mid 1940s and…

Q: How International economic Problems can be solved by international organizations?

A: We know that Globalisation is the reason of economic prosperity for some countries who were already…

Q: Why do businesses pursue international expansion beyond their domestic markets?

A: Companies go international because they want to expand their operations beyond domestic markets such…

Q: What forces may be at work in giving the Millennium Development Goals such a high profile in…

A: There are 8 goals that can be considered under millennium development goals: 1- Reduction of poverty…

Q: What changes could be made to better the open markets operations?

A: Open market operations refer to buying and selling bonds in order to maintain the money supply. When…

Q: Why is possible loss of national sovereignity a disadvantage of regional economic integration?

A: Globalization and the opening up of economies have been major milestones in the history of…

Q: In practice do the policies of countries around the world reflect a commitment to free trade?

A: The free trade is the unrestricted trade between the nations. When there is free trade, there should…

Q: Why is Global integration important

A: The extent to which a company's products and methods can be used in other nations is referred to as…

Q: why is the ASEAN important?

A: ASEAN (Association of Southeast Asian Nations) is an international organisation founded in 1967 by…

Q: What multilateral institution was created under the Bretton Wood system to manage the world economy?…

A: World bank:- World Bank is an international financial institution who provides loans, advice, and…

Q: What are the advantages and disadvantages of global, bilateral, and regional economic integration?

A: Economic integration refers to an arrangement among nations that typically includes the elimination…

Q: The Nations that are dependent on core countries. O External Areas O Semi-periphery O Periphery

A: Nations that depend on core countries, their main reason for doing that is that they are dependent…

Q: How the UK-Russia fight will affect the socio-economic state of other countries?

A: Socio-economic means The phrase socioeconomic refers to the relationship between a group's social…

Q: how do think globalization effect communication in the 21st century.

A: Globalization Means the interconnectedness of the nations or markets with global economies .

Q: Discuss malevolent and benign mercantilism. What kind of activities would the State undertake under…

A: Mercantilism was a practice that existed throughout the 16th and 18th centuries. Because…

Q: The following are the neo-liberal economic policies promoted by World Bank and IMF. Which is NOT? A.…

A: World Bank: It is an international organization that was founded in 1944 at Bretton Woods. The…

Q: How does the new concept of global relations emerges from the experiences of Latin-American…

A: Latin America is the part of the Americas made up of nations and areas where Romance languages…

Q: discuss the economic and political factors that are driving global integration.

A: Global Integration After India's independence from British rule, the country's economy has grown…

Q: The following are the neo-liberal economic policies promoted by World Bank and IMF. Which is NOT? A.…

A: Established at the Bretton Woods gathering in 1944, the two foundations have complementary missions.…

Q: Would the car company toyota prefer liberization or protectionism? Why would they choose one over…

A: In an economy, Liberalization refers to the opening of the economies for trade activities, while…