POL208Y5 Lecture 13: WEEK 13
Document Summary
Week 13: international political economy: history of world economy and globalization, part i. Ipe and the modern era global trade (16-19th c. ): related theories and concepts. Merchantilism, the inward flow of money, trade barriers. Classical liberalismn and non-interference by state, free trade. Ma(cid:396)(cid:454)is(cid:373), a(cid:374)d the (cid:395)uestio(cid:374) o(cid:448)e(cid:396) (cid:449)o(cid:396)ke(cid:396)s(cid:859) la(cid:271)o(cid:396) app(cid:396)op(cid:396)iated (cid:271)(cid:455) (cid:272)apitalist (cid:272)lass. Definitions | focus on wealth (economics), and power (politics) The relationship between economics and politics at the international level. The study of the politics behind the economic relations among peoples and nations, in order to assess their relative wealth and power. The study of the interaction between the state and the market, which are associated with the political pursuit of power and the economic pursuit of wealth. The study of how economic interests and global processes interact to shape government policies how self-interested actors combine within or outside institutional settings to affect social outcomes (actors-preferences-interactions)