POLI 360 Lecture Notes - Fungibility, Power Transition Theory, Jigsaw Puzzle

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Individuals and states share a certain deep interest. Material concerns that can be easily specified: the things that are empirically observable. You specialize on the thing you are good at. 1920s cotton from us goes to textile industry in england to make clothes: interdependence if you are not self sufficient, you need others. You have to engage in some sort of relationship with others. Trade ties between nations arise because you cannot do without each other. Challenges the realist assumption that states are unitary actors states rely on each other and cannot be assumed as independent agent whose only concern is security (as depicted by realism) Interdependent and trade are beneficial: the idea of trade or economic exchange leads to net gains for all actors. There is a concern with cooperation and well-being. If trade is good and advantageous, we need to foster it.

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