The post-World War II international economic system is largely predicated on ideas most closely associated with the theory of economic liberalism. Not all states subscribed to this, of course, but international trade, commerce, and even international economic organizations (like the IMF and the World Bank, as mentioned in the textbook and lesson) predicated many of their policies on liberal economic theory. Further, advanced industrialized states, such as the United States, had the ability to affect markets around the world, either intentionally through explicit support or participation in IGOs, opening of markets, etc., or unintentionally through things like domestic deregulation of the real estate and banking industries. At the same time, while states like China have prospered in their resistance to many of the policies advocated by economic liberalism, it is seen as the "exception to the rule;" other states have failed to see such success, and are still left to compete in a global market predicated on liberal economic values. Based on what you read and saw in the lesson, how would you advise states to structure their domestic economies and strategically interact in the international politicaleeconomic system? Could you avoid problems such as hyperination and subprime lending by adopting one of these approaches, or a hybrid approach? What would this look like