Exam 11: The Globalization of Trade and Finance

In Japan where land is scarce, farmers generally

The Bretton Woods system consisted of all of the following features except

To explain the growth in free trade after World War II, barriers to increased free trade can only be overcome when a single state is powerful enough to persuade other states to go along. This is called the

Which domestic interest groups would benefit from preserving trade barriers and which groups would be hurt from those same barriers? How important are domestic interest groups in affecting international trade policy?

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?

What are the competing costs and benefits of globalization?

Why was the United States taken off the gold standard in the early 1970s?

The current international monetary system consists of

As the role of the U.S. dollar becomes undermined as the main currency of international commerce, the __________ has emerged as a highly stable form of currency to which many governments have already shifted in regards to reserve currency.

As of mid-2012, the WTO had approximately how many members?