POLI 243 Lecture Notes - Anwar Ibrahim, Malaysian Ringgit, Arbitrage

• School: McGill University
• Department: Political Science
• Course: POLI 243
• Professor: Mark Brawley

Document Summary

Critical turning point in what the international political economy looks like. Cold war ends not with great bloodshed but with a fizzle. Soviet union has decided not to compete anymore or incapable. Either way, the consequence is the end of ideological conflict. Centralized communist style vs liberal democracy with capitalism. Back then, playing with superpowers was how smaller states operated. How many benefits can a superpower give them. The clear path towards economic development is more through markets. The consensus is what the proper set of policies should be. Free trade was not a big deal but open capital markets was a big deal. Most countries had decided that over the years, the best thing was to have their own set of banks. Amass more capital and will sink into their firms. Eoi and isi work that way, to make profits, accumulate capital.