International Economics Mini Essays

I need help writing two mini essays by tomorrow. They need to be at least two pages each. Both are relating to international studies in particular international economics. Here are the two prompts:

A. The purpose of the Bretton Woods Systm established in 1944 has famously been summarized as "Smith abroad and Keynes at home." These statements refer to the American and European desire to pursue the gains to be had from international trade, but also to ensure the policy autonomy of national governments to react to their citizens' demands for economic security. Within this framework the International Monetary Fund (IMF) played the important role of managing a gold exchange standard regime. Your task is to address each of the following points: 1) What is the gold standard exchange regime and how did the IMF facilitate this among member countries? 2) What are the roles of the five major bodies that comprise the IMF and how does a country's quota, or subscription impact the IMF governance? 3) In responding to these questions, you should be as specific as possible about the key actors, concepts, and the pitfalls of each monetary regime.

B. In the history of mankind, no economic system has created more wealth than the currently dominant and increasingly global capitalist system of exchange. Though not without criticism, liberal trade theory is the orthodox explanation for the wealth created by global capitalism. Taking care to mention all of the relevant scholars cited by Cohn, your task is to discuss the four main components of liberal trade theory (absolute advantage, comparative advantage, relative comparative advantage, and the Stolper-Samuelson Theorem), as well as the critiques of liberal theory from proponents of strategic trade theory and dependency theory. Based on your readings how do you think a country's geographic location (e.g., Global North or Global South) affects their trade policies for liberal or strategic trade policies. Please be specific.

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Project ID: #5854568

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