PSCI 2601 Lecture Notes - Lecture 9: Human Security, General Agreement On Tariffs And Trade, Washington Consensus
27 Feb 2018
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Document Summary
Military security; referent object = the state. Human security; referent object = the individual. Political economy and marxist thought: totality. Origins of the global political economy: this lecture starts from the mid-20th century onward. Mid-20th century signifies important moment of contemporary system of political economy. At bretton woods, new hampshire, 1944, delegates of the allied powers meet to establish post-war global economic regime. Imf = (1944/1945 present) international monetary fund . Encourage unified monetary policies b/t states so to establish some stable exchange rates. Ibrd = (1944/1945 present as agency of wbg) international bank of reconstruction and development . Aims to encourage private investment for the reconstruction of europe: gatt = general agreement on tariffs and trades. Looks to regulate trade based on free market principles. Challenges to bretton woods 1: (western bias: soviet representatives attended bretton woods but refused to ratify agreements, us assumes key role in global economy as means to achieve soviet containment.
