QUESTION IMAGE
Question
question 19 of 20 :
select the best answer for the question.
- for most of the twentieth century, which two nations remained separate from global institutions like the international monetary fund (imf) and the world trade organization (wto)?
a. united states and britain
b. china and the soviet union
c. egypt and israel
d. germany and japan
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Brief Explanations
To solve this, we analyze each option:
- Option A: The US and Britain were key players in global institutions like IMF and WTO, so they are not separate.
- Option B: During most of the 20th century, China (especially under early communist rule and later isolation, and the Soviet Union (with its socialist economic system and lack of integration into Western - dominated global financial and trade institutions) remained separate from IMF and WTO - like institutions. The Soviet Union had its own economic bloc (COMECON), and China was isolated for a significant part of the 20th century from these Western - dominated global economic institutions.
- Option C: Egypt and Israel were involved in the global economic system and had interactions with international financial and trade bodies, so they are not the correct choice.
- Option D: Germany and Japan, after World War II, became integrated into the global economic system and were part of institutions like IMF and later WTO (or its predecessor GATT).
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B. China and the Soviet Union