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QUESTION 1:
Illustrate how Gross Domestic Product is measured and discuss problems in measuring it.
QUESTION 2:
Briefly discuss the changes brought about by the Covid 19 pandemic and the implications of the Russian invasion of Ukraine on economic globalization.
QUESTION 3:
Briefly outline your understanding of the Bretton Woods Order – what was Bretton Woods?
QUESTION 4:
Contrast Third World debt with First World debt. What are the differences between the Bretton Woods era (1948 – 1972) and the Liberalisation era (1973 – 2008)?
QUESTION 5:
Are global imbalances a result of a world savings glut and manipulation by Chinese authorities or a U.S. mortgage market so awash with cash that you could get a 100 percent mortgage with no income, no job, and no assets? Set out the basic arguments.
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