POL1EEH International Relations and the Global Economy Take Home Examination 2 November 2012 INSTRUCTIONS: The examination is worth 35% of the final mark for this unit. Students are to answer ONE question from SECTION A and ONE question from SECTION B, each in essay format, independently. Each essay should be approximately 750 words and should be referenced appropriately. Each essay will constitute 50% of the mark for this piece of assessment. Completed exams should be submitted to the Essay Box in the Politics and International Relations Program Office no later than 5pm on Monday 5 November and also lodged electronically via the Turnitin link on LMS. As this is an examination there will be no extensions. Any exams submitted after the due date will receive 0% for this piece of work. If circumstances befall a student during the examination that prevent timely completion, students should contact Dr Jon Symons (J.Symons@latrobe.edu.au) with written evidence of the problem and an alternative time to complete the examination will be arranged. QUESTIONS: SECTION A 1. To what extent have the main features of the global economic order established after World War II been transformed by globalization? 2. ‘The failure of so many multilateral institutions reflects not just the problems of those institutions but the shortcomings of multilateralism more generally.’ Critically evaluate this claim in relation to ONE multilateral institution. 3. To what extent do liberal ideas retain their dominance in the current global economic order? 4. Are states or markets the most important factors shaping outcomes in the global economy? SECTION B 5. To what extent has the aftermath of the 2008 Global Financial Crisis demonstrated the virtues of state capitalism? 6. ‘It is not poor institutional design that explains the failings of international cooperation to address environmental challenges, it is the gross inequalities in the world that are to blame.’ Critically evaluate this claim.

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7. Why does global poverty remain such an entrenched part of the current global order? 8. ‘Problems of resource scarcity are not resolved but exacerbated by state intervention in market processes.’ Critically evaluate this claim. END OF QUESTIONS

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