POLS 262 Chapter Notes - Chapter 1: International Political Economy, Mercantilism, Multinational Corporation
6 Feb 2017
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Document Summary
Economic nationalist perspective: group that focuses on the role of the state and the importance of power in shaping outcomes in the ipe. Common labels: mercantilist, neo-mercantilist, statist, state-based theory, power politics, or economic nationalist. Origin: emergence of the nation-state in 15th century europe. Was a doctrine of political economy that governed states until the british liberal revolution in the mid-19th century. Advocates of mercantilist theory: alexander hamilton and frederick list. Key actors: the state as the inter-state system is anarchical and it is the responsibility of the state to protect its own interests. Also, the state is the primary resource through which people can fulfil their goals. Economic policy should be used to create a more powerful state. Key dynamics: ipe is constituted through the actions of rational states who struggle for power and wealth. A state"s fate is determined by its capacity to provide citizens with advantages from international production and exchange.
