← History syllabus

SingaporeHistory

Growth of the Global Economy (1945-2000)

5 dot points across 5 inquiry questions. Click any dot point for a focused answer with worked past exam questions where available.

What drove the deepening globalisation and financial integration of the late twentieth century?

Assess the causes and consequences of accelerating globalisation and financial integration in the late twentieth century
A focused answer to the H2 History global-economy dot point on globalisation. The drivers of deepening integration, freer capital flows, technology, liberalisation, the benefits and risks, and the debate over winners and losers.
9 min answer →

Why did the East Asian economies grow so rapidly, and what explains the miracle?

Explain the rapid growth of the East Asian economies after 1960 and assess the competing explanations for the Asian economic miracle
A focused answer to the H2 History global-economy dot point on the East Asian miracle. Export-led growth, the developmental state, the market-versus-state debate, the role of investment and education, and competing explanations.
9 min answer →

How far did the Bretton Woods system create the conditions for postwar economic growth?

Assess the aims and impact of the Bretton Woods system and the postwar economic order in promoting the long boom after 1945
A focused answer to the H2 History global-economy dot point on Bretton Woods. The fixed-exchange-rate system, the new institutions, the lessons of the 1930s, the role in the long boom, and the limits of the order.
9 min answer →

Why did the long postwar boom end in the 1970s, and how decisive were the oil crises?

Explain the end of the long boom in the 1970s, including the collapse of Bretton Woods and the oil crises, and assess their impact on the global economy
A focused answer to the H2 History global-economy dot point on the 1970s crisis. The breakdown of fixed exchange rates, the oil shocks, stagflation, the shift in economic policy, and the impact on the global economy.
9 min answer →

How important were multinational corporations and expanding trade to the growth of the postwar global economy?

Assess the role of multinational corporations and the expansion of world trade in driving the growth and integration of the global economy after 1945
A focused answer to the H2 History global-economy dot point on multinationals and trade. The growth of cross-border firms, trade liberalisation, the integration of production, the benefits and criticisms, and their role in postwar growth.
9 min answer →