POLSCI 1G06 Lecture Notes - Lecture 8: Quebec General Election, 2014, Great Power, De Facto Currency
24 Jun 2015
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Document Summary
Recall our lecture on globalization from last semester. Globalization is simply a flowering of already historically existing factors such as trade, corporate power, interconnectedness, etc. One common feature of both periods of time is that the international system was dominated by one state that had an overwhelming advantage in power over all other states. When a nation has larger power than other nations/nation-states. When you have a state with hegemonic power we can have international peace. But when it"s power declines it starts to go down. Thus we see high levels of international openness during the period of british dominance in the. Britain was the undisputed economic and political power of the 19th century international system. It was also responsible for 24% of the world"s trade. Once britain was the world"s most powerful state it began to push forward a project of free trade. Removing the corn law; allowing trade with other states.
