I need some help and direction with the emerging global community of the 1980s regarding the role of the United States. About 300 words should give me a good direction.
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1. I need some help and direction with the emerging global community of the 1980s regarding the role of the United States. About 300 words should give me a good direction.
Boughton (2002), in the article titled "Globalization and the Silent Revolution of the 1980s" (URL: http://www.imf.org/external/pubs/ft/fandd/2002/03/bought.htm), gives a full report of the role of all industrial countries in the emergence of globalization during the 1980s. This response is gleaned for relevant information to the role of the United States.
Globalization began to emerge in the 1980s and took shape in the 1990s, and the global communities began to emerge through the changing economic policies of the Industrialized countries including United States. In the 1980s, there was move toward industrial countries forming global communities and networks as many countries sought to adapt to a changing, sometimes turbulent economic climate. As a result, their policymakers underwent a dramatic change in thinking and the IMF took on greater significance in linking the global communities through funding. The IMF is located in Washington, DC.
Out of the 1980s, International economic policy in the 1990s emerged as the decade of globalization, where international trade in goods, services, and financial capital became more widespread than ever before. The 1970s were the decade of instability, floating exchange rates, and rising oil prices, of which the 1980s emerged. During the decade, however, economic policymaking in industrial countries moved sharply to the right under the political leadership of Masayoshi Ohira and his successors in Japan, Margaret Thatcher in the United Kingdom, Ronald Reagan in the United States, and Helmut Kohl in Germany. Along side the others, United States economic policies paved played a role in the emerging global economy.
Second, the International Monetary Fund, with headquarters, Washington DC became more significant due to the changing economic policies of the United States (and other industrial countries). Much of the developing world, in the 1980s, saw living standards drop. The IMF therefore became a significant participant in the international financial system in the merging global community. Under the previous Bretton Woods system of fixed but adjustable exchange rates (1946-73), the IMF played a subsidiary role to the few industrial countries that provided the capital ...
This solution discusses the emerging global community e.g. globalization of the 1980s regarding the role of the United States.