Describe how the concept of the irreconcilable trinity

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Reference no: EM133768128

QUESTION 1:

A. Describe how the concept of the 'irreconcilable trinity,' affects the decision-making and challenges faced by central banks and governments in a globalized and interconnected financial system, and propose strategies that can be employed to navigate and balance these conflicting objectives effectively.

B. Taking into consideration the advantages and/or disadvantages of globalisation, critically evaluate how the process of globalisation impacts a country's ability to maintain monetary independence in shaping its domestic economic policies.

QUESTION 2: Explain the role of federalism as a political system and evaluate the contention that South Africa is a federal state.

Reference no: EM133768128

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