Global123_EssayOption#3

Global123_EssayOptio - [Question 3 Many People argue that the global economic system that was created after World War II embodied in the IMF and

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[Question 3] Many People argue that the global economic system that was created after World War II, embodied in the IMF and GATT, was a great “success.” Do you agree or disagree – and why? [Hint: Your answer should, among other things, explain the origins, evolution, and consequences of the post- World War II system and also indicate clearly what criteria you are using in evaluating its performance. i. Intro a. It is best to use the expectations set by the founders when evaluating the Global economic system that was created after World War II, embodied in the IMF and GATT b. When done in this way they seem to be a success because they managed to successfully fulfill their objectives. c. More then this they were successful in allowing the US to ease into its role as a Hegemon d. It was also unsuccessful in bringing many of the LDCs up. Both in terms of the IMF’s harsh market liberalization rules and with the ii. Paragraph one a. The IMF i. Originally set up to Provide loans to help with balance of payments problems ii. Regulate exchange rates prevailing among national governments iii. Forum for negotiation
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This note was uploaded on 02/01/2011 for the course GLOBAL 123 taught by Professor Cohen during the Fall '10 term at UCSB.

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Global123_EssayOptio - [Question 3 Many People argue that the global economic system that was created after World War II embodied in the IMF and

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