University of Florida

INR 3034

Spring 2006

International Political Economy

1^st mid-term examination

February 20, 2006

Answer six of the following eight questions. Answers should both define the concepts in question, and note the relevance of the concepts to the study of international political economy.

1) What is conditionality? Why is the practice of conditionality important to the study of the IPE?

2) What is World Systems Theory?

3) When did the Bretton Woods system of fixed exchange rates collapse? Why did it collapse?

4) What are the economic effects of national current account imbalances?

5) What is the Mundell-Fleming Theorem? Why is it important to the study of IPE?

6) What is the International Bank for Reconstruction and Development? What is its role in the IPE?

7) Is the concept of “absolute gains” more closely associated with liberalism or mercantilism? Why?

8) What are the demands of a stable international monetary system?