Exam 11: The Globalization of Trade and Finance

The international monetary system that followed the collapse of the Bretton Woods agreement consisted of all the following features except

Which U.S. President took the United States off the gold standard?

When a country no longer is willing or able to make the scheduled payments on its borrowed capital, this often develops into what is known as a

Voluntary export restraints (VERs) are

The most favored nation principle means that

Why does the text argue that states have lost control over globalization?

Which of the following factors caused the dollar to be undermined as the main currency in international commerce?

In the wake of the global financial crisis of 2009-2011, how did various countries attempt to deal with the negative outgrowths of the crisis? Why did some countries argue that a sizeable economic stimulus was needed, whereas others argued for countries dealing aggressively with growing debt burdens? How did globalization confound advocates of either approach?

Since its economy began to take off in the early 1980s, China has lifted approximately how many people out of poverty, largely through participation in the global economy?

In Japan where land is scarce, farmers generally