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What is the Washington Consensus?

What is the Washington Consensus?

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### Question 5 **What is the Washington Consensus?** 1. ○ A treaty signed by the United States and Latin American countries to promote regional economic integration. 2. ○ A framework for global governance and cooperation on economic and security issues. 3. ○ A set of policies promoted by the World Bank and International Monetary Fund (IMF) in the 1980s and 1990s to promote neoliberal economic policies. 4. ○ An international agreement to combat climate change and reduce greenhouse gas emissions.
Transcribed Image Text:### Question 5 **What is the Washington Consensus?** 1. ○ A treaty signed by the United States and Latin American countries to promote regional economic integration. 2. ○ A framework for global governance and cooperation on economic and security issues. 3. ○ A set of policies promoted by the World Bank and International Monetary Fund (IMF) in the 1980s and 1990s to promote neoliberal economic policies. 4. ○ An international agreement to combat climate change and reduce greenhouse gas emissions.
### Understanding the Bretton Woods System **Question 6** **What was the Bretton Woods system?** - [ ] A global trading bloc established to promote economic cooperation among European nations. - [ ] A military alliance formed to counter the threat of communism during the Cold War. - [x] An international monetary system created to regulate exchange rates and facilitate post-World War II economic reconstruction. - [ ] A set of principles and guidelines for the protection of human rights and fundamental freedoms. #### Explanation: The Bretton Woods system refers to an international monetary framework established in 1944 to regulate exchange rates and support economic stability and reconstruction after World War II. This system laid the foundation for major financial institutions like the International Monetary Fund (IMF) and the World Bank. Its primary goal was to create a stable environment for international trade and economic growth by fixing exchange rates and promoting international monetary cooperation.
Transcribed Image Text:### Understanding the Bretton Woods System **Question 6** **What was the Bretton Woods system?** - [ ] A global trading bloc established to promote economic cooperation among European nations. - [ ] A military alliance formed to counter the threat of communism during the Cold War. - [x] An international monetary system created to regulate exchange rates and facilitate post-World War II economic reconstruction. - [ ] A set of principles and guidelines for the protection of human rights and fundamental freedoms. #### Explanation: The Bretton Woods system refers to an international monetary framework established in 1944 to regulate exchange rates and support economic stability and reconstruction after World War II. This system laid the foundation for major financial institutions like the International Monetary Fund (IMF) and the World Bank. Its primary goal was to create a stable environment for international trade and economic growth by fixing exchange rates and promoting international monetary cooperation.
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