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why bretton woods system collapsed in the 1970s
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- What were the main objectives of the Bretton Wood System?21.Consider the following game, which depicts US and Soviet confrontation during the Cuban Missile Crisis. Each side has two options: to stand firm or back down. If both sides stand firm, the crisis escalates into global thermonuclear war. What is the equilibrium to this game (or equilibria, if more than one)? (a) Both the US and Soviet Union stand firm (b) Both the US and Soviet Union back down (c) The US stands firm and the Soviet Union backs down (d) The US backs down and the Soviet Union stands firm (a) and (b) (c) and (d)Compare and contrast the assumptions of the original Bretton Woods system with those of the Washington Consensus.
- 22.What is the equilibrium to this game (or equilibria, if more than one)? (a) Both the US and Soviet Union stand firm (b) Both the US and Soviet Union back down (c) The US stands firm and the Soviet Union backs down (d) The US backs down and the Soviet Union stands firm (a) and (b) (c) and (d)Compare and constrast the assumptions of the original bretton woods system with those of the washington consensusCompare and contrast the Bretton Woods system's assumptions with the Washington consensus.
- Define different types of power in collaboration: power over, power for and power to. And discuss what was mainly dominant in the collaboration between WHO and other countries.Assume two countries (US and Germany) are facing the decision of whether to participate in the Paris Agreement or not. The following payoff matrix contains the estimated payoffs for both countries for all possible strategies. Germany US Join Not join Join A: (500, 360) B: (100, 200) Not join C: (450, 300) D: (450, 350) What is the dominant strategy for Germany? Joining Not joining Germany does not have a dominant strategyTrue or false Pioneering costs arise when the foreign business system is so different from that in a firm’s home market that the firm must devote considerable time, effort and expense to learning the rules of the game. True or False explain:
