POL 2103 Lecture Notes - Lecture 9: 1997 Asian Financial Crisis, Currency Crisis, Marxism

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1970s/80s: 3rd major approach to ir: especially accounts of ipe, 3rd world, global inequality, ns relations. Image damaged badly by the end of the cold war. Changes on a global scale: high expectations of globalization. Spread democracy throughout the world: began to stall in the 1990s. Marx: polarizing figure, many myths about him exist. "what is certain is that [if that is marxism, then] i am not a marxist. " One of the most misrepresented thinkers in modern history, by marxist and non-marxists alike. Materialist theory: impact of economic forces on social life: central emphasis on material needs and pursuits. Look to material forces to explain what goes on in society. Structural theory: underlying economic structures drive social life. Objects of analysis: capitalism: dominant economic structure of today, was not always the dominant economic structure. Main actors: social classes: people are categorized according to their relationship to economic production. Politics (domestic, international): a central driving force = conflict b/w the classes.

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