Which of the following statements about aspects of Bretton Woods and the Washington Consensus is accurate?
A) The Washington Consensus helped pave the way for the creation of institutions like the IMF and World Bank.
B) The IMF provides loans and technical assistance to advance development in less-developed countries.
C) A core goal of Bretton Woods was to help manage economic relations between countries, and the Washington Consensus advocated a reduction of states' control over the market.
D) Both Bretton Woods and the Washington Consensus advocated the maintenance of state-controlled industries in developing countries so that they could compete with the developed world.

Question

Quizplus · Accepted Answer

Bretton Woods established the IMF and World Bank with the goal of managing economic relations between countries and promoting global economic stability. The Washington Consensus, however, advocated for a reduction of state control over the market and promoted free market policies such as privatization and deregulation.

Which of the Following Statements About Aspects of Bretton Woods