Question bank: World: Nation-State Economics

During the Bretton Woods Conference in 1944, the United States proposed the creation of a new international economic system post-World War II. This system largely followed the idea of a 'gold-dollar', where the U.S. dollar would be convertible to gold at a fixed rate. The Bretton Woods Agreement promoted monetary stability and economic growth among nations, as well as establishing institutions such as the International Monetary Fund (IMF) and the World Bank. However, the system faced challenges and in 1971, U.S. President Richard Nixon suspended the dollar's convertibility to gold, effectively ending the gold standard. Considering this context, answer: 1) What was the impact of suspending the dollar's convertibility to gold on the international economic system and the organization of national economies? 2) Evaluate the long-term implications of this event for international economic policy and the autonomy of Nation-States in managing their economies.

The formation and development of nation-states, especially after World War II, enabled complex geopolitical and economic interactions among various countries, including members of the BRICS group (Brazil, Russia, India, China, and South Africa) and the United States of America. Based on the concepts of state, nation, territory, government, and country, analyze: 1) An example of geopolitical conflict or tension in the 21st century involving at least one of the countries mentioned above; 2) The influence of this conflict or tension on the global economic pattern, especially regarding the production, distribution, and exchange of agricultural and industrial products.

What is the largest economy in Latin America?

GDP is an important indicator of a country's economy, but not the only one. Another important indicator used to measure a nation's economic strength is the Human Development Index (HDI). This index measures the quality of life of a country's inhabitants, considering three dimensions: longevity, education, and income. What is the largest economy in the world in terms of HDI?

The nation-states, emerged in Europe in the 17th and 18th centuries, had influence on the formation and contemporary economy and also on the geopolitics of other regions of the world, such as America and Africa. a) Explain how the concept of nation-states relates to the elements of State, nation, territory, government, and country. b) Provide an example of a geopolitical conflict or tension in America and another in Africa, highlighting how the formation of nation-states affected these situations. c) Briefly analyze how global economic patterns of production, distribution, and exchange of agricultural and industrial products are influenced by the United States and by the countries known as BRICS (Brazil, Russia, India, China, and South Africa).