Comparative Politics and International Relations-Evolution of the International Economic System [IAS (Admin.) Mains Political Science (PSIR)]: Questions 1 - 2 of 2

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Question 1

Appeared in Year: 2015

Describe in Detail Subjective▾

How far are the world governance mechanisms, dominated by the World Bank and IMF, legitimate and relevant? What measures do you suggest to improve their effectiveness in global governance?

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Explanation

World Governance Mechanisms

  • Modern international governance can be traced back to the end of the world war which had devastated almost all major world economies.
  • The Bretton Woods Conference led to the creation of the World Bank and the International Monetary Fund and the task of rebuilding Europe was set upon their shoulders.

… (371 more words, 1 figure) …

Question 2

Appeared in Year: 2015

Describe in Detail Subjective▾

BIPA is the best alternative to multilateral trade negotiations. Comment.

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Explanation

BIPA stands for Bilateral Investment Protection Agreement that are agreements between governments of two Countries for appropriate corresponding promotion and the protection of investments in neighboring territories and companies situated in either State. This make sures a safe cross-border movement of the capital among countries.

It involves trade …

… (465 more words) …