POLSCI 3B03 Lecture 2: Poli Sci 3b03 week 2.docx

• School: McMaster University
• Department: Political Science
• Course: POLSCI 3B03
• Professor: Richard Stubbs

Document Summary

World bank: what they are trying to do at the end of the wwii is to put in place a system that will accommodate some aspects of protectionism (government control) and more international openness, out of bretton woods we get this idea of embedded liberalism o you get liberalism internationally and try and open up trade as much as possible, but at home states would be allowed to intervene and help bring in things like the welfare states encourage education etc. and to protect their people from problems that they might have by opening up internationally o the concept of open trade in the international level, but inside states they are given the permission to provide stability and protection for their population o this is the era of the welfare state late 1940s, john ruggie coined the term embedded liberalism.