How do international policies affect global economies?
International policies shape trade agreements, tariffs, and regulations, influencing economic growth and stability.
Can you give an example of a recent policy that impacted the economy?
Sure! The US-China trade agreement in 2020 aimed to reduce tariffs and boost trade, significantly affecting both economies.
What role do international organizations play in this?
Organizations like the IMF and World Bank help coordinate policies, provide financial support, and promote economic stability globally.
How do these policies affect developing countries?
Developing countries often face challenges like trade barriers and unequal agreements, impacting their economic growth and development.
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