POLI 243 Lecture Notes - Lecture 4: Win-Win Game, Corn Laws, Security Dilemma
11 Feb 2017
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Trade balance remains important for that you have to export. The trade balance is actually where we get to the impact of china on the world today. Chi(cid:374)a"s economy is what resemble most to mercantilism today neo-mercantilism structure of its corporations, and forms of its policies making sure that some resources are (cid:272)o(cid:374)trolled (cid:271)(cid:455) chi(cid:374)ese" government and companies. In 1973, opec cut the supply of oil with price rising. Trade balance would shift in favor of oil producing countries. Getting more money even though they sold less oil: the desire to improve the trade balance for opec countries mercantilism desire to manipulate the trade balance. This organization could maybe lead to pan-arabism (theory) political incentive to manage opec did not happen the interests of the countries were too different. Mercantilism emerges because the state does come first you have to be able to measure whose state is better at what.
