Explain difference between washington and beijing consensus

Assignment Help International Economics
Reference no: EM131082439

ANSWER THREE QUESTIONS (out of five)

At or near the end of world War II, the emerging world power - i.e. the US - and the former world power - the UK - both with a long history of similar cultures and language, joined diplomatic forces to create a number of global institutions and programs that would lead to everlasting peace and prosperity. Among them were:

NATO (North Atlantic Treaty Organization)
U.N. (United Nations)
G.A.T.T. (General Agreement on Trade and Tariffs)
I.M.F (International Monetary Fund) aka "Bretton Woods"
I.B.R.D. (International Bank for Reconstruction and Development), now "World Bank" Marshall Plan

1 Explain what these were designed specifically to achieve

2 Assess their successes and failures, in particular the role of "spoiler" that the US has played, along with other countries from time-to-time, in thwarting these goals.

3 Explain the difference between the "Washington" and the "Beijing" Consensus, and consider why so many developing - and would-be developing - countries have rejected the former; e.g. the LDC's rejection of GATT almost from the beginning.

4 Consider the role of cultural differences, as opposed to policy differences, in explaining the near-collapse of virtually all of the post-WW2 institutions; e.g., even in the European Union, hugely successful in its first quarter-century, why do Greece and Germany - separated by less than three hundred miles and sharing so many European features - find themselves on opposite extremes of growth, employment and debt?

5 Discuss the recent, including current, situation of the US economy, starting from the Reagan era of the 1980s up to the present day. What do you see as the most urgent - dangerous - problems looming in the near future for the US economy? Is there a cultural "divide" occurring in the U.S.?

Reference no: EM131082439

Questions Cloud

Examine the implications of beliefs for your personal life : Prepare a one page paper defining the term worldview, identifies and elaborated on the beliefs that form your worldview, examines the implications of those beliefs for your personal life and professional life and conduct.
Does this change improve the classification : Does this change improve the classification?
Anti-discrimination laws related to employment : Anti-Discrimination Laws Related to Employment-Your supervisor has placed you in charge of hiring a new, full-time administrative assistant for your department.
Computing an initial estimate of the center of the circle : computing an initial estimate of the center of the circle for the call to nlm().
Explain difference between washington and beijing consensus : Explain the difference between the "Washington" and the "Beijing" Consensus, and consider why so many developing - and would-be developing - countries have rejected the former; e.g. the LDC's rejection of GATT almost from the beginning.
Whose view of strategy is the most relevant today : Read the following article: "Porter or Mintzberg: Whose view of strategy is the most relevant today?". What is the difference between deliberate strategies and emergent strategies? How might emergent strategies help with a future strategic plannin..
Operations planning in supply chain integration : How do sales and operations planning in supply chain integration impact the company overall? What would Amazon's medium- and long-term forecast inform the operations management department? How do logistics, transportation modes, and warehouse loca..
Write a reflective summary based on various academic skills : Discuss how that organisation is communicating and promoting its product and services to help it be known through word of mouth.
How long will it take for the ball to reach the ground : Integration tips and tricks. Rejoice in your newfound power of prophecy! Suppose you throw a ball upward in the air from a starting height of 2 meters and a starting velocity of 3 meters per second. Given that the Earth's gravity causes the ball t..

Reviews

Write a Review

International Economics Questions & Answers

  What will be the effects of an increase in the money supply

What will be the effects of an increase in the money supply

  Questions based on international business

Questions based on International Business

  calculate the series for nominal gdp

Calculate and Plot using a spreadsheet (like Ms Excel) the series for Nominal GDP

  Burger king beefs up global operations

Burger King Beefs Up Global Operations

  Consider two countries that share the same technology

Consider two Countries that share the same technology, South Africa and the UK, and two goods, Diamonds and Tea

  Find best the governance system of the eu

Which political system describes best the governance system of the EU? Is the governance system of the EU democratic? Why ‘yes', or why ‘not'?

  Review the country political economy

Political Economy and Foreign Direct Investment - Review the country's political economy

  Calculate the value of the intraindustry trade

Calculate the value of the Intraindustry Trade

  Identify the funding mechanism of the project

Identify the funding mechanism of the project, and the sources of funding. Identify the key players or stakeholders of the project. Who is supposed to benefit from the initiative?

  Alternative trade: legacies for the future

explain how  Alternative Trade: Legacies for the Future  supports or challenges your conceptualizations of trade and development. Are there themes that some of you agree upon? Do you disagree on others? Describe your conversation.

  Find the equilibrium interest rate

The consumption function is given by C = 200 + 0.75(Y - T ). The investment function is I = 200 - 25r, r is the real interest rate. Government buy and taxes are both 100.

  Country economic and trade summary reports

Global marketing managers must understand economics and trade rules of countries and regions within which they trade.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd