25. French foreign minister d'Estaing asserted that the United States enjoys \"exorbitant privilege\" in the international political economy. Explain what this privilege consists of and one way in which other countries have responded to that privilege. 26. Explain two reasons why developing countries face frequent currency and banking crises in the era of nancial globalization. 27. How does Norloff explain the persistence of dollar hegemony? Your answer should make reference to the different forms of power the U.S. exercises internationally. 28. Much of IPE focuses on material interests and power, but ideas can be transformative of the international economic order as well. Explain two events or dynamics that we have covered in this class where ideas played a key role. 29. Compare the Trump administration's tariffs against Chinese imports with the Smoot- Hawley tariff. In what respects are they similar? How are they different? 30. What are some emerging challenges to US dollar hegemony