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.