1. Discuss détente. What effect did détente have on the character of the international economic order? On balance would you say that the advent of détente was a net positive or, negative in international economic relations? Was the end of détente, similarly, a net positive or negative? Explain.
2. Discuss the “Nixon Shock.” Using levels-of-analysis discuss what brought it about. In retrospect, do you view the Nixon Shock as a positive or, negative,
development in international monetary relations? Explain. Account for the current state of international monetary relations. Are they an improvement over the “pre-Shock” era? Explain.
