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Unformatted text preview: monopolies, economic philosophies stressing scarcity vs. perpetual abundance, the role of the state in creating both types of systems, types of trade items (precious good vs. industrial and consumer goods for example). 4. Discuss the creation , development and problems of the globalized financial system starting with the inauguration of the Bretton Woods system, through the rapid expansion of capital transfers in the last quarter of the twentieth century, the Latin American and Asian financial crises to the most recent financial panic that began with the meltdown in the United States in 2007....
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- Spring '09