Podcast
Questions and Answers
What is the focus of neoliberal economic policies?
What is the focus of neoliberal economic policies?
- Increasing government spending
- Isolationist trade policies
- Privatization and deregulation (correct)
- Promoting heavy regulation
Which of the following is a characteristic of the Washington Consensus?
Which of the following is a characteristic of the Washington Consensus?
- Increased public debt through higher spending
- Lowering tariffs and opening up economies (correct)
- Nationalizing key industries
- Imposing strict trade barriers
What was one of the key elements of the Washington Consensus regarding public services?
What was one of the key elements of the Washington Consensus regarding public services?
- Expanding government subsidies for transport
- Nationalizing key industries
- Increased government control over communication services
- Privatization of services like water and electricity (correct)
Which term is associated with the system where money serves as a medium of exchange and store of value?
Which term is associated with the system where money serves as a medium of exchange and store of value?
What was a common recommendation made by the Washington Consensus to stimulate economic growth in developing countries?
What was a common recommendation made by the Washington Consensus to stimulate economic growth in developing countries?
Which organization was established to provide financial assistance for post-World War II reconstruction and development projects?
Which organization was established to provide financial assistance for post-World War II reconstruction and development projects?
What was the main responsibility of the International Bank for Reconstruction and Development (IBRD) or World Bank (WB)?
What was the main responsibility of the International Bank for Reconstruction and Development (IBRD) or World Bank (WB)?
Which organization acted as the global lender of last resort to prevent countries from facing credit crises?
Which organization acted as the global lender of last resort to prevent countries from facing credit crises?
What event led to the downfall of the Bretton Woods System in the early 1970s?
What event led to the downfall of the Bretton Woods System in the early 1970s?
Who were the key proponents of Neoliberalism, a theory developed in the 20th century?
Who were the key proponents of Neoliberalism, a theory developed in the 20th century?
What was the main objective of the General Agreement on Tariffs and Trade (GATT) established in 1947?
What was the main objective of the General Agreement on Tariffs and Trade (GATT) established in 1947?
According to Neoliberal proponents, what did they argue about government intervention in economies?
According to Neoliberal proponents, what did they argue about government intervention in economies?
What economic crisis is considered to be the worst and longest experienced by the West?
What economic crisis is considered to be the worst and longest experienced by the West?
Who was the British economist whose ideas heavily influenced the Bretton Woods System?
Who was the British economist whose ideas heavily influenced the Bretton Woods System?
Which global economic system had an active role for governments in managing spending to revitalize markets?
Which global economic system had an active role for governments in managing spending to revitalize markets?
Which financial institution was established as part of the Bretton Woods System to focus on providing financial support for developing countries?
Which financial institution was established as part of the Bretton Woods System to focus on providing financial support for developing countries?
What belief did John Maynard Keynes hold about economic crises according to the text?
What belief did John Maynard Keynes hold about economic crises according to the text?
Which system opened during the Political and Financial Conference of the United Nations in 1944?
Which system opened during the Political and Financial Conference of the United Nations in 1944?
