Module 8
2) What factors contributed to economic globalization in the second half of the twentieth century? 1: The world bank and international Monetary fund laid the foundation for postwar globalization, 2: "Bretton Woods System" negotiated the rules for commercial and financial dealings among the major capitalist countries, while promoting relatively free trade, stable currency values linked to the U.S. dollar, and high levels of capital investments. 3: World Bank and IMF imposed free market and pro-business conditions on many poor countries if they were to qualify for much needed loans. 4: The aftermath of WWII led capitalist countries to avoid any return to the depression era conditions. 5: Technological contributions led to acceleration of the world economy. 6: The collapse of communism promoted unrestricted global capitalism. 3) In what ways has economic globalization more closely linked the world’s peoples? - Reglobalization of world economy following the contractio...