POLD89H3 Study Guide - Final Guide: Global Governance, United Nations Development Group, Sociocultural Evolution
Document Summary
Bretton woods system - the regulatory system introduced at the end of the second world war (1944) in an attempt to bring stability to those of the world economy under the us sphere of influence. The imf and wbo were established at bretton woods. U. s. dollar and the ability of the imf to bridge temporary imbalances of payments: globalization: creating relations and becoming in order and becoming one, under us power, making trade possible. Emerging economy - nations with social/business activity in the process of rapid growth and industrialization. They are countries with a gdp per capita inferior to that of a developed nation but the standard of living and economic growth is beginning to rival that of a developed nation. China and india are considered to be the largest emerging economies. Globalization aided them to develop, to grow, becoming open markets, a shift from closed economies to open economies.
