cultural economics

answer all questions each question answer should be no less than 750 words :

1­Discuss the global economic circumstances that followed the first world war, and contrast this with

the aftermath of the second world war, as envisaged by western world leaders. Specifically, what

global institutions were set up, and how were they supposed to work to maintain stable economic

growth ?

2­ Consider the role of the US in undermining the post­WWII agreements, and discuss the meaning

and elements of the so­called “Washington Consensus”. Discuss the conditions that underpin the socalled

“Beijing Consensus”.

 

3­ Consider the connection between democracy as political system, and capitalism as an economic

system. In particular, consider the role that “psychology”, in the form of optimism contrasted with

pessimism ­ or realism ­ might play in determining the appropriate economics model (“consensus”) as

stated in question 2.

 

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