POL208Y1 Lecture Notes - Lecture 7: Thomas Piketty, International Political Economy, International Finance
8 Apr 2016
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Document Summary
October 28th lecture notes inequality material. In ir, we can look at material inequality from international political economy (ipe) perspective: linking economics with politics to explain how winners and losers are created. Economic outcomes via politics and vice versa: states, groups in states (skilled vs. unskilled labor, different economic sectors, transnational groups. Inequality underpins most human societies, whether it"s material or social. Extreme inequality is counterproductive, but some inequality is probably a good thing (and unavoidable: some inequality is actually efficient in the system -> you need some labor that is skilled and unskilled. Igos: an igo only have membership in states. Population can be controlled through economic development: there are incentives to have smaller families. A lot of developing countries are rural: when you have urban bias, it leads to chronic development. Inequality in general is persistent, but it"s getting smaller.
