Essay 2: Global Finance and Free Trade—Limits and Possibilities
Considering the readings, video presentations, and your own research, draft a quality 6–7 pg. research paper on the logic, rationale, and effectiveness of Global Economic Governance in accordance with the following prompts, answering in a separate or integrated manner as you wish.
Reasoning with clear ideas and examples, explain at least 3reasons for the authority and legitimacy of the IMF and World Bank?
According to their defenders, what is their stated role and rationale?
In reverse, mention at least 3criticisms of these institutions. Is there a particularly Christian approach to international finance or micro-finance, or might Christians split left to right on this issue? Explain.
Reasoning with clear ideas and examples, discuss the pros and cons of the free trade regime established after WWII. Most Western economists defend free trade as a religious mantra, believing it a partial remedy for the ills of inequality between peoples, states, and regions like the North-South divide for example. Many Christians endorse free trade as one of the only ways to reconcile capitalism, freedom, and Christian faith. Providing 3pros and 3cons, offer a more balanced view of free trade.