International Trade and Globalization
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Questions and Answers

What was the primary purpose of the International Monetary Fund (IMF) established at Bretton Woods?

  • To promote economic development in less developed countries
  • To provide financial assistance for reconstruction after World War II
  • To monitor exchange rates and lend reserve currencies to nations with balance-of-payments deficits (correct)
  • To reduce tariffs and other hindrances to free trade
  • What was the name of the institution established at Bretton Woods to provide financial assistance for reconstruction and economic development?

  • General Agreement on Tariffs and Trade (GATT)
  • International Bank for Reconstruction and Development (World Bank Group) (correct)
  • United Nations Development Programme (UNDP)
  • International Monetary Fund (IMF)
  • What was the main goal of the General Agreement on Tariffs and Trade (GATT) established in 1947?

  • To promote economic development in less developed countries
  • To monitor exchange rates and lend reserve currencies to nations with balance-of-payments deficits
  • To provide financial assistance for reconstruction after World War II
  • To reduce tariffs and other hindrances to free trade (correct)
  • What was the high point of global Keynesianism, characterized by governments pouring money into their economies?

    <p>The mid-1940s to the early 1970s</p> Signup and view all the answers

    What was the name of the conference where the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development were established?

    <p>Bretton Woods</p> Signup and view all the answers

    What was the primary role of John Maynard Keynes at the Bretton Woods conference?

    <p>Adviser to the British Treasury</p> Signup and view all the answers

    What was the primary goal of the economic policies implemented during the high point of global Keynesianism?

    <p>To increase economic growth through government spending</p> Signup and view all the answers

    What was the result of the economic policies implemented during the high point of global Keynesianism?

    <p>An increase in demand for goods and services</p> Signup and view all the answers

    What was the name of the institution responsible for providing financial assistance for reconstruction after World War II?

    <p>International Bank for Reconstruction and Development (World Bank Group)</p> Signup and view all the answers

    Who was the chief international economist at the Treasury Department at the Bretton Woods conference?

    <p>Harry Dexter White</p> Signup and view all the answers

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