In which of the following ways did the Bretton Woods system differ from the Washington Consensus?
A) It created important, formal international organizations.
B) It placed less emphasis on the promotion of international trade.
C) It increased state control over international markets instead of reducing it.
D) It reduced the pace of globalization instead of advancing it.

Question

Quizplus · Accepted Answer

The Bretton Woods system created formal international organizations like the International Monetary Fund (IMF) and the World Bank to help stabilize the global economy. In contrast, the Washington Consensus did not create any such formal organizations and instead focused on promoting free-market policies and international trade. Thus, option A is the correct choice. Options B, C, and D are incorrect as they are not reflective of the differences between these two policy frameworks.

In Which of the Following Ways Did the Bretton Woods