POL 2103 Lecture Notes - Lecture 15: Friedrich List, Unequal Exchange, California State Route 1

• School: University of Ottawa
• Department: Political Science
• Course: POL 2103
• Professor: Kevin Mc Millan

Document Summary

Interplay of politics and economics in world affairs. Ir aspect of economics: what difference does crossing a border make to economic activity. Except marxism: causes of underdevelopment and inequality. 1970s: us power declines (especially economic, us, others leave gold (part of bw system); end of bretton woods financial system; new floating xr system, state of huge us balance of payments deficits and overseas borrowing. Expansion of european economic community (uk, ireland, denmark) Rise of opec; oil crises (1973, 1979) dependence on me for oil. Glo(cid:271)al outh de(cid:373)a(cid:374)ds ne(cid:449) i(cid:374)te(cid:396)(cid:374)atio(cid:374)al e(cid:272)o(cid:374)o(cid:373)i(cid:272) o(cid:396)de(cid:396) (cid:894)(cid:448)eto po(cid:449)e(cid:396)s (cid:271)ut these states. Japa(cid:374)"s (cid:396)ise as e(cid:272)o(cid:374)o(cid:373)i(cid:272) po(cid:449)e(cid:396)house have more votes) Influence of new ipe theories: dependence theory, marxist-influenced theories. Focus: why do so many developing countries remain underdeveloped (structure of global economy) Free trade, capital movement (money, investment), exchangeable currencies. Global price system: efficient distribution of goods and services across world economy.