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 never led to direct economic assistance to developing states.
E)It reduced the pace of globalization instead of advancing it.

Question

Quizplus · Accepted Answer

The Bretton Woods system created formal international organizations such as the International Monetary Fund and the World Bank, whereas the Washington Consensus focused more on promoting market-oriented policies and reducing state intervention in the economy. The other choices are incorrect because the Bretton Woods system did promote international trade, did not increase state control over international markets, did provide economic assistance to developing states, and did not aim to slow down globalization.

In Which of the Following Ways Did the Bretton Woods