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Did a loss of US hegemony cause the breakdown of the Bretton Woods system? Why or why not?
Innovation
The introduction of something new, such as an idea, method, or device, that is designed to improve processes, products, or services.
Wide Imitation
The extensive replication of a product, service, or innovation by multiple competitors or industry participants, often signalling the success or desirability of the original.
Creative Destruction
A process through economic innovation in which older models or structures are destroyed to make way for new advancements.
Diffusion
The process by which a technological innovation, cultural trend, or new idea spreads through a population or society.
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