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International Political Economy Term Paper – Bretton Woods and the Washington Consensus are examples of liberal economic policies. You are tasked with researching both examples of liberal economic policy and analyzing them by identifying what type of liberalism they represent. Essentially, you will use what you have learned in this class and apply it to Bretton Woods and the Washington Consensus. You may use books and academic articles as sources. The library website will be helpful in locating academic articles. From the library home page click the “find articles” tab, then the “databases by topic” tap, then the “political science” tab. Many of the articles will be available online. Project Muse and JSTOR, in particular, allow access to many full articles online. 12 point times new roman font. Citation style must be MLA. FIVE sources are required!!! P.S. There may be elements of mercantilism and neo-mercantilism in each case. If applicable, please use them in your analyses
1. Explain the Bretton Woods Monetary System including the agreement and the institutions involved.
2. Identify which type of liberalism Bretton Woods represents. Is it based on the ideas/concepts of Orthodox Economic Liberals, Heterodox Interventionist Liberals, Keynesians, Neoliberals, Ordoliberals, or a combination? You must thoroughly explain all components of the type of liberalism and explain how the Bretton Woods System represents them.
3. Explain the Washington Consensus.
4. Identify which type of liberalism the Washington Consensus represents. Is it based on the ideas/concepts of Orthodox Economic Liberals, Heterodox Interventionist Liberals, Keynesians, Neoliberals, Ordoliberals, or a combination? You must thoroughly explain all components of the type of liberalism and explain how the Washington Consensus represents them.
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