1-Discuss the global economic circumstances that followed the first world war, and contrast this with the aftermath of the second world war, as envisaged by western world leaders. Specifically, what global institutions were set up, and how were they supposed to work to maintain stable economic growth ?
2- Consider the role of the US in undermining the post-WWII agreements, and discuss the meaning and elements of the so-called “Washington Consensus”. Discuss the conditions that underpin the so-called “Beijing Consensus”.
3- Consider the connection between democracy as political system, and capitalism as an economic system. In particular, consider the role that “psychology”, in the form of optimism contrasted with pessimism – or realism – might play in determining the appropriate economics model (“consensus”) as stated in question 2.