wk 13 money and debt pt 1

wk 13 money and debt pt 1 - 1971-End of the stable...

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World Politics Money, debt and national development
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The Bretton Woods International Monetary System Bretton Woods System characterised by: 1. Fixed exchange rate (Gold to US dollar @ US$35 per ounce) 2. International Monetary Fund (IMF) assists states with short-term balance of payments problems
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Collapse of Bretton Woods
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Unformatted text preview: 1971-End of the stable international monetary system Currencies float freely against one another Governments relax capital controls; allow inflow of foreign capital Govts begin to shift from welfare states to competition states (Cerny 2000) Gapminder video National Development...
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wk 13 money and debt pt 1 - 1971-End of the stable...

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