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What do you see as the obstacle in reestablishing the kind of stable exchange rates that used to prevail under the pre–World War I Gold Standard, when all major countries declared the value of their currencies in terms of gold? Can you explain why England, which was then the hegemon of world trade, lost that position after World War I? 7. The maquiladoras are the (mainly foreign-owned) factories located in Mexico on the border with the United States. Why do you think the maquiladora sector has expanded in the last 10 years? Do you think the maquiladoras are a positive factor in Mexican economic development?