POL208Y1 : political econonmy summary
Document Summary
International political economy in an age of globalization chapter 14. the international political economy (ipe) is the way in which politics and economics affect each other in world affairs. due to globalization, analysis of the ipe has become increasingly important in recent times. International economic institutions such as the i m f and the world bank exist today as a result of the need for economic cooperation following world. the bretton woods system, which managed exchange rates and capital flows was used until 1971 when the u. s decided to stop converting the dollar to gold, which left the system defunct. In the 1970s many industrialized countries floated their exchange rates and set up barriers to trade, this lead to a huge lack of economic cooperation among certain countries. developing countries took this very badly and fought to reform the ipe throughout the 1970s.
