The making of the Modern World Economy

1. How did the international monetary system change following the Bretton Woods' agreements? 2. Why did the Bretton Woods system collapse? 3. The 1970s were a turbulent decade not only because of the collapse of Bretton Woods' monetary system, but also due to revolutionary tendencies among political and social forces both at domestic and international level. Discuss. 4. Was Neoliberalism a return to laissez-faire? Or was it a state-sponsored project for reorganising society? Provide an example. 5. What are the main causes of the exponential growth and globalization of financial markets since the 1970s?                        

Sample Solution