POLI 441 Lecture Notes - Lecture 4: Trilemma, Fiscal Union, General Agreement On Tariffs And Trade

• School: McGill University
• Department: Political Science
• Course: POLI 441
• Professor: Krzysztof Pelc

Document Summary

Week 4 lecture - economic integration & supply and. We are not at that maximum integration level, we can push things further. Nation state - uniting under the state level. Mass politics - demands of voters/individuals having an effect on policy. On one end, we have global federalism - like the eu on a global scale. Giving up the nation state and the idea that the relevant political unit of your nation is your country. Particular trade-off that describes the post-world-war 2 gatt era. We give up the ambition of a fully integrated global economy, of a rigid free trade agreement. The goal is to negotiate a middle ground. For example, agriculture and textiles are left off the table in gatt - not a coincidence that developing countries have an advantage in these things. Trade remedies are available to deal with temporary hard times.