POLD89H3 Lecture Notes - Amsterdam Treaty, International Finance Corporation, Public Float
Document Summary
Week 2: what is globalization? (2) dimensions of globalization. It was founded at the bretton woods conference in 1944. Bretton woods was attended by 44 countries; they drafted the articles of agreement, signed by. Elimination of mercantilist trade policies, such as competitive devaluations and foreign exchange restrictions all while substantially preserving each country"s ability to pursue independent economic policies: context: the whole world with binding of international economic activities against. Mercantilism was economic theory and practice in europe (16th -18th cent. ) aiming at enhancing the power of the state by implementing economic regulation of a country"s economy at the expense of rival countries. Mercantilism was sort of like an economic version of political absolute power. Hence, gold and other precious metals could not leave a country; subsequently it was deemed necessary for a country to have mines or obtain gold by trade. Hence, colonies were to be dumping markets for the.
