POL 1102 Chapter Notes - Chapter 9: Fixed Exchange-Rate System, Floating Exchange Rate, John Maynard Keynes

• School: University of Ottawa
• Department: Political Science
• Course: POL 1102
• Professor: Daniel Pierre- Antoine

Document Summary

Realists argue that states should seek relative economic gains rather than absolute profits because they will want to be stronger than their closest competitors. States should seek to gain some form of economic control over each other. Liberals point out that there is a tremendous amount of economic cooperation, from trade agreements to regional blocs. Constructivists remind us that there are efforts like the un mdg that demonstrate the commitment to human security. Human security: a(cid:374) i(cid:374)terpretatio(cid:374) of se(cid:272)urit(cid:455) i(cid:374) (cid:449)hi(cid:272)h i(cid:374)di(cid:448)iduals" se(cid:272)urit(cid:455) is take(cid:374) i(cid:374)to a(cid:272)(cid:272)ou(cid:374)t, rather tha(cid:374) states", a(cid:374)d i(cid:374) (cid:449)hi(cid:272)h the defi(cid:374)itio(cid:374) of (cid:862)threat(cid:863) i(cid:374)(cid:272)ludes anything that can impinge fundamentally on basic human rights. Trade theory usually identifies three categories of resources: land, labor, and capital. A nation is land-abundant if it has a lot of land (agriculture and resources) relative to its population, and it is labor-abundant if wages are relatively low, usually caused by a large population.