{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Prompt 1 - Prompt 1 Conflict seems a persistent feature of...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Prompt 1 Conflict seems a persistent feature of economic relations between sovereign states. Yet only rarely does the international political economy break down into outright economic warfare. How can this be explained? Address the reasons for conflict in international economic relations as well as the different approaches that governments have used to try to cope with the challenge of system governance. Illustrate your answer with examples drawn from the past history and current circumstances of at least two of the issue areas: trade, money, economic development. The interwar period is perhaps the best example of what is considered economic warfare (Monetary as well as trade) Much of this was due to the collapse of the Classical gold standard and the rise of protectionist policies (such as the Smoot Hawley Tariff). During the Classical gold standard each national currency was freely convertible into gold, allowing for an international monetary system of fixed exchange rates between countries. After WWI countries attempted to go back to the Gold Standard, but at
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern