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The main aim of the post-war international economic system was to
- a)To preserve economic stability
- b)To maintain status
- c)To increase export
- d)To reduce war loans
Correct answer is option 'A'. Can you explain this answer?
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The main aim of the post-war international economic system was toa)To ...
The main aim of the post-war international economic system was to preserve economic stability and full employment in the industrial world. Its framework was agreed upon at the United Nations Monetary and Financial Conference held in July 1944 at Bretton Woods in New Hampshire, USA.
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The main aim of the post-war international economic system was toa)To ...
The main aim of the post-war international economic system was to preserve economic stability. This can be understood by examining the context in which the system was established and the goals it sought to achieve.
1. Context of post-war era:
After the devastation of World War II, the global economy was in shambles. Many countries were left with huge war debts, infrastructure damage, and disrupted trade networks. It was crucial to rebuild and stabilize the global economy to prevent further conflicts and promote peace.
2. Establishment of the international economic system:
To address these challenges, the international community established institutions such as the International Monetary Fund (IMF) and the World Bank. These institutions aimed to provide financial assistance, promote economic stability, and facilitate international trade.
3. Goals of the international economic system:
a) Stability: One of the primary goals of the post-war international economic system was to maintain economic stability. This involved stabilizing exchange rates, managing inflation, and preventing economic crises. By promoting stability, the system aimed to create a conducive environment for economic growth and development.
b) Reconstruction: Another objective was to aid in the reconstruction of war-torn countries. The international economic system provided financial assistance and technical expertise to help countries rebuild their infrastructure, industries, and institutions.
c) Trade liberalization: The system aimed to promote international trade by reducing barriers and facilitating the flow of goods and services across borders. This was crucial for economic recovery and growth, as trade can stimulate production, create jobs, and increase incomes.
d) Economic cooperation: The post-war international economic system also sought to foster cooperation among nations. Through multilateral agreements and institutions, countries could coordinate their economic policies, share knowledge and resources, and address common challenges collectively.
e) Development assistance: The system provided development assistance to less-developed countries to help them overcome poverty, achieve sustainable economic growth, and reduce inequality. This assistance included financial aid, technical support, and capacity building.
In summary, the main aim of the post-war international economic system was to preserve economic stability. This was achieved through various measures such as promoting stability, aiding reconstruction, facilitating trade, fostering economic cooperation, and providing development assistance. By achieving economic stability, the system aimed to prevent future conflicts and promote global prosperity.
1. Context of post-war era:
After the devastation of World War II, the global economy was in shambles. Many countries were left with huge war debts, infrastructure damage, and disrupted trade networks. It was crucial to rebuild and stabilize the global economy to prevent further conflicts and promote peace.
2. Establishment of the international economic system:
To address these challenges, the international community established institutions such as the International Monetary Fund (IMF) and the World Bank. These institutions aimed to provide financial assistance, promote economic stability, and facilitate international trade.
3. Goals of the international economic system:
a) Stability: One of the primary goals of the post-war international economic system was to maintain economic stability. This involved stabilizing exchange rates, managing inflation, and preventing economic crises. By promoting stability, the system aimed to create a conducive environment for economic growth and development.
b) Reconstruction: Another objective was to aid in the reconstruction of war-torn countries. The international economic system provided financial assistance and technical expertise to help countries rebuild their infrastructure, industries, and institutions.
c) Trade liberalization: The system aimed to promote international trade by reducing barriers and facilitating the flow of goods and services across borders. This was crucial for economic recovery and growth, as trade can stimulate production, create jobs, and increase incomes.
d) Economic cooperation: The post-war international economic system also sought to foster cooperation among nations. Through multilateral agreements and institutions, countries could coordinate their economic policies, share knowledge and resources, and address common challenges collectively.
e) Development assistance: The system provided development assistance to less-developed countries to help them overcome poverty, achieve sustainable economic growth, and reduce inequality. This assistance included financial aid, technical support, and capacity building.
In summary, the main aim of the post-war international economic system was to preserve economic stability. This was achieved through various measures such as promoting stability, aiding reconstruction, facilitating trade, fostering economic cooperation, and providing development assistance. By achieving economic stability, the system aimed to prevent future conflicts and promote global prosperity.
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The main aim of the post-war international economic system was toa)To preserve economic stabilityb)To maintain statusc)To increase exportd)To reduce war loansCorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The main aim of the post-war international economic system was toa)To preserve economic stabilityb)To maintain statusc)To increase exportd)To reduce war loansCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The main aim of the post-war international economic system was toa)To preserve economic stabilityb)To maintain statusc)To increase exportd)To reduce war loansCorrect answer is option 'A'. Can you explain this answer?.
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