DEVS 230 Lecture Notes - Lecture 1: Boiling Water Reactor, Susan Strange, International Political Economy
2 Dec 2018
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Document Summary
Gpe= global political economy: why is it important to the study of development. Not economics: looking at the world functions around a capitalist economy. Not political science: cannot separate political authority from economics. Concerned with how power permeates and shapes how our markets operate. Gpe is interested in the tension in relationships between political and economic landscapes. How is the tension between the pursuit of private interests and the public good resolved. To understand how the bwr operated and why. To grasp the bwr through the gpe lens. Inflation: the rate at which the general level of prices for goods and services is rising. Devaluation: drop in country"s exchange rate relative to other currencies, 1. Country"s exports are relatively less expensive for foreigners: 2. Foreign products become relatively more expensive for domestic consumers, discouraging imports. Import tariffs, quotas, subsidies, currency devaluations and so forth: protectionism considered dentrimental to the world economy.
