POLI 346 Lecture Notes - Lecture 3: Appeasement

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Specific grand strategies external balancing (structural realism emphasizes this strategy): find allies; trade with allies (foreign economic policy), not threat internal balancing: arms race; focus on internal development at cost to others states balance between those two bandwagoning: ally with the dominant power; tie yourself to it economically (structural realism says balancing isn"t always an option may not find allies or sufficient resources for internal balancing) buck passing: maintain neutrality; invest in your own economic development at cost to others (put yourself in a better position in the future potentially) appeasement: concede to threats; aim for long term economic development to create future options (notice after semicolon in the above list we are talking about the economic side) Components of grand strategy security: alliances, defense expenditures, aid (military? how much and to who?) foreign economic policy, trade policy (tariff) (can discriminate between states, also make money, monetary policy (exchange rate, international investments (creditor/debtor relations, these issues are important to usfp!

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