When global institutions were introduced in the 1940s, governments in struggling nations would turn to the world bank for low-interest loans needed for infrastructure projects such as building roads.
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What is global institutions ?</h3>
A global institutions serves as the international organization which can be seen as the stable set of norms as well as rules that is been used in the governing the the behavior of states as well other actors .
It should be noted that the When global institutions were introduced in the 1940s, governments in struggling nations would turn to the world bank for low-interest loans needed for infrastructure projects such as building roads.
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I believe the answer is: that will increase their well-being.
during the process, people would weight in the magnitude of benefit that they would obtain from doing a certain action compared to the expense and opportunities they need to sacrifice to obtain it. If the benefit is larger than the sacrifice, then people would see their action to be rational or purposeful
Well, I don't know what exactly it taught you, but for me it taught me a list of things:
- how to work cohesively with people with dramatically different ideas than me
- how to appreciate and participate in other cultures
- my actions and the results are dependent on me
- social systems are drastically different and are dependent on your cultural background
- There are universal human wishes and things with which you can bond
- the importance of social support, and the significance of belonging to a community
These are just a couple things I learned from moving cross-culturally throughout my life.
After the Revolution, the new United States faced a competitive disadvantage in that the status of industry nationally was relatively weak as compared to European industrial powers.
As a result, Alexander Hamilton wanted high tariffs as a painful jump start of an industrial boom in the United States. The thinking was that if tariffs were high, US citizens would respond by making a similar product in the US.
The North realized that if it did not act swiftly, the Southern states might take the precedent of the Scott case as a justification for expanding slavery into new territories and free states alike. The South recognized the threat of the Republican party and knew that the party had gained a considerable amount of support as a result of the Northern paranoia in the aftermath of the decision.
