Question

What role did and do the international financial system and the international system of states serve in perpetuating unequal power relationships? What two post World War II economic and political organizations were created to facilitate the perpetuation of the Modern World System?

Answer 1

The international financial system and the international system of states served to perpetuate unequal power relationships. The Bretton Woods Conference created the IMF and the World Bank to facilitate the perpetuation of the Modern World System.

Step-by-step explanation:

In post-World War II era, the international financial system and the international system of states played a role in perpetuating unequal power relationships. The dominant powers, such as the United States and Western European countries, had a strong influence in shaping the global economic system to their advantage, which maintained their position of power. For example, the establishment of the International Monetary Fund (IMF) and the World Bank through the Bretton Woods Conference facilitated the perpetuation of the Modern World System by promoting the economic interests of the powerful nations and reinforcing their dominance.