Economic History
This event changed politics around the world by popularizing the ideas of "Liberty, Equality, Fraternity".
What is the French Revolution?
This country is known as the world's factory.
What is China?
This institution established at the Bretton Woods Conference of 1944 is a lender of last resort for countries.
What is the International Monetary Fund?
This term groups together countries which are economically still developing and were formerly colonized.
What is the Global South?
This British economist promoted economic interdependence for peace and full employment for economic growth.
Who is John Maynard Keynes?
This momentous transformation starting in 19th century Britain, resulted in new production practices, market expansion, and the creation of a working class.
What is the Industrial Revolution?
With the goal of promoting peace, leaders of the Allied countries in World War 2 favored this economic policy.
What is Economic Interdependence?
This policy framework told countries to cut public spending, liberalize trade, and deregulate markets.
What is Neoliberalism/the Washington Consensus?
Jeffrey Sachs and William Easterly have been having a bitter intellectual feud about the effectivenes off this system.
What is Foreign Aid?
This British Prime Minister was among the first to undertake neoliberal reforms in their country by cutting public spending and offshoring production.
Who is Margaret Thatcher?
This trade route facilitated movement of luxury goods from the rich Chinese economy to other parts of the world.
What was the Silk Road?
This trade policy approach favors tariffs on imports and subsidies to domestic industries.
What is Protectionism?
These were given to Third World countries on the condition that they need to liberalize their economies.
What are IMF loans?
This institution established at Bretton Woods, NH in 1944 gives loans to countries for infrastructure and development projects.
What is the World Bank?
This Chinese premier was pivotal in globalizing China's economy and initiating a state-led capitalism.
Who is Deng Xiaoping?
This was the first time an independent nation state emerged out of an anti-imperial revolution.
What is the American Revolution?
Emering out of the General Agreement on Trade and Tariffs, this new organization was established in 1995.
What is the World Trade Organization?
This economic event caused a global crisis and led to a rising tide of backlash against globalization in the USA.
What is the 2008 Financial Crisis?
Latin American thinkers argued that capitalist development in the West produced underdevelopment elsewhere
What is Dependency theory?
This US President is credited with inuagurating an age of developmentalism.
Who is Harry Truman?
This global phenomenon began with the arrival of Columbus in the New World and Da Gama in India.
What is the age of imperialism?
This is the ability of one country to produce some good more efficiently than its competitors.
What is Comparative Advantage?
Critics argue that neoliberalism prioritizes this over human rights and ecological integrity.
What is market efficiency?
The miraculous growth in this region strengthened belief in modernization theory.
What is East Asia?
Who is Augusto Pinochet?