Evolution of the International Economic System: PSIR Optional PYQs

Evolution of the International Economic System: From Bretton woods to WTO; Socialist economies and the CMEA (Council for Mutual Economic Assistance); Third World demand for new international economic order; Globalisation of the world economy.

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1. Examine the problems and prospects of South-South economic cooperation. (1991)
2. The central focus of global politics is no longer the conflict between Socialism and Capitalism, but North versus South. Explain. (1992)
3. Discuss the Third World perspective on the causes and cures of underdevelopment. (1993)
4. Comment: GATT treaty and developing countries. (1994)
5. Analyse the unjust and hegemonic aspects of the existing international economic order and the factors which perpetuate such an order. (1995)
6. Comment: Intellectual Property Rights and free world trade. (1996)
7. Bring out the contradiction between Internationalism and Globalisation. (1997)
8. Comment: North -South conflict at Rio. (1997)
9. Liberalization and Globalization are feared by the developing countries, as the Trojan Horses of the developed countries. Elucidate. (2000)
10. Comment: The New International Economic Order. (2000)
11. Identify some of the major issues challenging the North-South countries. (2001)
12. How far the existing international economic order is unjust and hegemonic towards developing countries? (2002)
13. Comment: Main features of WTO. (2003)
14. How has geo-economics replaced geo-politics in the present International scenario? (2008)
15. Elaborate the factors which cause North South divide in the age of globalisation. (2008)
16. Explain the role of non – state actors, like IMF, World Bank, European Union and MNCs, in modulating and transforming the broad dynamics of international relations. (2009)
17. Sketch the journey of global political economy from Washington consensus to the present. (150 words) (2013)
18. Explain the concept of the North-South divide and suggest how structural inequalities between the high wage, high investment industrial North and low wage, low investment predominantly rural South can be reduced. (2016)
19. “The IMF, World Bank, G-7, GATT and other structures are designed to serve the interests of TNCs, Banks and investment firms in a “New Imperial age’.” Substantiate with examples of governance of new world order. (2016)
20. How are the rising powers challenging the USA and Western dominance in the IMF and the World Bank? (2019)
21. Critically evaluate the role of the United States of America in the World Trade Organization (WTO) dispute settlement mechanism and its implications for the future of the WTO. (2020)
22. Explain the significance and importance of the demand raised by the developing countries for a New International Economic Order (NIEO). Are they likely to achieve their objectives of NIEO in foreseeable future? (2020)
23. Identify and evaluate the reasons for deadlock in the WTO negotiations on fisheries between the developing and developed countries. (2022)
24. The return of trade barriers and economic sanctions has diminished the spirit of GATT. In this context, discuss the factors contributing to the decline of WTO in recent times. (2024)
25. Trump’s unilateral imposition of reciprocal tariffs on scores of countries poses impending threat to the future of the rule-based multilateral global trading system under the WTO. What options do the WTO members have to salvage the organization? (2025)
26. How did the Council of Mutual Economic Assistance (CMEA) reflect geo-political division of the world during the cold war? (2026) [15 marks]

Syllabus unit: Evolution of the International Economic System