PO232 Lecture Notes - Lecture 1: International Political Economy, World Trade Organization

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Interactions & relationships between politics and economics, or states and markets, at the international and transnational levels. The role of power in economic relations that have some cross-border component. Themes: trade: exchange of goods across borders, international finance: the ow of money across international borders, investment: in other countries, *there is some political aspect that drives these themes. Eu, wto, imf all io"s: some better known that have been created by states in order to regulate ows of money, goods, people, food across international borders. Less known: bank for international settlements, international organization o securities commissions, japan-philippines economic partnership agreements. Rst issue io"s that govern international affairs. Contemporary questions/issues : rst changing balance of power. Over last 10-15 years, a group of large developing countries emerged as major players of global politics. Shift in 2008 from old organization of g8 or g7 a group of western countries and japan, that got together to keep things together g20.

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