POLI 346 Lecture 17: POLI 346 Oct 27.docx

• School: McGill University
• Department: Political Science
• Course: POLI 346
• Professor: Mark Brawley

Document Summary

Keep hands free in terms of using monetary policies at home. Us in exporting but not importing as much. Not enough currency in international economy to support the transactions people want to undertake. Lead extra business for them. France sweden trade runs through ny. Transaction takes place, ws takes service charge. Military expenditures abroad reactivate itself from early 50s. Look back what was problems of the previous problem; smooth harley tariff, protectionism (cid:224) great depression worse. Also us exporting crazy 1945. Not facing competition anywhere, unnatural position. When us firm goes abroad and purchases a property, us wants some insurance embedded in rules (ito), if government nationalized an american property abroad, it has to compensate the owners. (soviets say no, b/c they have nationalized everything, and eastern europe) newly independent countries say the same thing. (we just suffered european imperialism and now we have to compensate them? right to seize whatever the property we want, we won"t compensate).