POL101Y1 Study Guide - Final Guide: John Maynard Keynes, Economic And Monetary Union Of The European Union, European Stability Mechanism
Document Summary
Bretton woods system: a monetary system created in 1944 that established the rules for international financial relations and sought to create stability, established 4 international institutions: un, imf, world bank, gatt (later became the. Wto: was based on the ideas of john maynard keynes, who said that government had to play a large role in managing monetary systems after the wake of the great depression. Especially in the 1980s, privatization became a large concern for the institutions. Common agricultural policy (cap: european union agricultural subsidies, eu wanted to create an eu agricultural common market, represents almost half of the. Eu budget: significance- eu works to protect european farmers from the effects of globalization. Europeanization: refers to the regional integration of the european states through policies formed by institutions like the eu. Critics tend to say that fdi in many nations in the global south in a new form of imperialism (investors tend to be from the global north)
