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We discuss 3 main elements that are the most relevant in giving Value to Currencies. Select 2 and explain them.
Do you think that the world now needs a new Economic System? Why? If you can change ONE element of the current system, which one will it be, and what will your proposal be?
Explain the Balance of payments in your own words and provide at least 2 options, or solutions, that any country has to try to balance an unbalanced BoP.
Critically assess the role of sustainability, including the Triple Bottom Line (3BL) and the Circular Economy, in the context of the current International Economy. How do traditional economic models, which prioritize profit and growth, impact sustainability efforts, social welfare, and individual well-being? Discuss the potential challenges and opportunities of integrating sustainability into global economic practices, and whether the focus on growth can be reconciled with the principles of a sustainable and inclusive economy
Given the elements that we saw at the beginning of the course, about why some countries remain rich and others remain poor: institutions, Culture, and Geography; and after all the elements we discussed during the class, in your opinion, what gives wealth to the nations nowadays? Explain and justify.