POLI 381 Lecture Notes - Invisible Hand, International Political Economy, Economic System
10 Sep 2013
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Document Summary
What is the role of capitalism: capital should be free, allow industrial entities a relatively free reign. The countries who abandoned to go to capitalist did improve. Reduce barriers to trade and finance in the international economic system, you can improve the prosperity of the entire system: history. Liberal peace theory countries that are functioning liberal democracies with open capitalist systems do not fight other liberal states. Structure of government ultimately determines if there is war. Soviet union example of a closed control economic system that ultimately failed: culture. Means they are the country that was most susceptible to creating a capitalist system. How do you measure and do research on culture: acceptance of value of process. High politics vs low politics increasing profile 1989-2010. Increasing global interdependence: international system is becoming at the very least perceiving it is becoming more interdependent. Relative decline of us economy: china is making headway and could catch up.
