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To what extent does globalization contribute to sustainable prosperity for all people?
World Bank & IMF
World Bank & IMF
The World Bank and the IMF were both established after World War II in order to provide economic stability to the world. Although they complement each other in many ways, there are some key differences. View the Venn diagram below (which can also be found on page 228 of the textbook) and study both the similarities and differences.
The following videos are good summaries of the basics of the World Bank and IMF. Remember to note the benefits and criticisms of these organizations.
Keynes & Hayek
Keynes & Hayek
What are the fundamental ideas proposed by Keynes and Hayek?
How do the perspectives of these economists differ from one another?
Where do these economists belong on the economic spectrum?
How do the economic ideologies of Keynes and Hayek affect economic globalization?
Political Cartoons
Political Cartoons
View the following political cartoons and explain the perspective represented in the source. Have at least 5 points that can be supported by what you see in the cartoon.
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