Trace the development of the regional and international economic partnerships and financial institutions discussed in this lesson.(1 point) Responses The economic partnerships were founded right after World War II as a direct response to the devastation the war had caused. Financial institutions of various forms came later, as economic growth increased in the decades after the war. The economic partnerships were founded right after World War II as a direct response to the devastation the war had caused. Financial institutions of various forms came later, as economic growth increased in the decades after the war. The financial institutions were founded right after the Cold War as a direct response to the devastation the war had caused. Economic partnerships of various forms came later, as economic growth increased in the decades after the war. The financial institutions were founded right after the Cold War as a direct response to the devastation the war had caused. Economic partnerships of various forms came later, as economic growth increased in the decades after the war. The financial institutions were founded right after World War II as a direct response to the devastation the war had caused. Economic partnerships of various forms came later, as economic growth decreased in the decades after the war. The financial institutions were founded right after World War II as a direct response to the devastation the war had caused. Economic partnerships of various forms came later, as economic growth decreased in the decades after the war. The financial institutions were founded right after World War II as a direct response to the devastation the war had caused. Economic partnerships of various forms came later, as economic growth increased in the decades after the war.

Question

GPT-4o mini · Answer

The correct tracing of the development of regional and international economic partnerships and financial institutions is as follows:

Economic partnerships were founded right after World War II as a direct response to the devastation the war had caused. These partnerships aimed to promote economic cooperation, rebuild war-torn countries, and foster trade and economic stability. Significant agreements and organizations, such as the General Agreement on Tariffs and Trade (GATT) in 1947, were established to facilitate international trade and reduce tariffs.

Financial institutions also emerged in this period, with the International Monetary Fund (IMF) and the World Bank being established in 1944 at the Bretton Woods Conference. These institutions were designed to provide financial stability, facilitate international trade, and promote economic development.

As the decades progressed, particularly during the post-war economic boom, more regional and international economic partnerships developed, leading to increased globalization and interconnectedness among economies. Examples include the European Economic Community (EEC) in 1957 and the North American Free Trade Agreement (NAFTA) in 1994.

In summary, the financial institutions were founded right after World War II as a direct response to the devastation the war had caused, and economic partnerships of various forms came later, as economic growth increased in the decades following the war.