It lowers costs because it encourages competition
Checks and balances, kind of like the government here. The Judicial branch regulates the Legislative and Executive branches, the Legislative branch monitors the Executive and Judicial, and the Executive branch monitors the Legislative and Judicial.
Answer:
Bretton Woods Conference
tariffs
inflation
loans
Cultural Revolution
Tiananmen Square
neocolonialism
They believed that economic hardship was responsible for the world wars and the rise of fascist dictators. They believed that a more connected world would be more politically stable and that nations would not see one another as competitors.
Students may argue that neocolonialism does exist through the global economic order. By this reasoning, richer nations still interfere and control the affairs of smaller nations. Like in the case of colonialism, private corporations extract raw materials and exploit cheap labor in former colonies while individuals in richer nations keep the profits. On the other hand, students might point to the benefits that international trade has brought across the globe. By creating global institutions, richer nations are incentivized to invest in poorer nations for a return, which created jobs and infrastructure.
Explanation:
One major consequence of decolonization in the 20th century is that former colonies in Africa, Asia, and the Middle East gained political independence.
An example of these countries who gained political independence due to decolonization are Africa, the Philippines, and Vietnam.
