Podcast
Questions and Answers
What is the focus of neoliberal economic policies?
What is the focus of neoliberal economic policies?
Which of the following is a characteristic of the Washington Consensus?
Which of the following is a characteristic of the Washington Consensus?
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?
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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)?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
