... liberal international economic policies was quite successful until the early 1970s. However, the post-war financial system had been tied to the US dollar and disputes between the Europeans and Americans over US government spending on Vietnam (amongst other things) led to the collapse of these arrangements. Shortly afterwards OPEC initiated the first oil shock: oil exporters did very well out ... states find alternative ways to secure themselves from debt. Equally, though, such strategies are largely driven by relatively well-off and powerful middle-income countries in Latin American and...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate