POLD89H3 Lecture Notes - Treaty On The Non-Proliferation Of Nuclear Weapons, Global Warming, Nuclear Proliferation

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Pola83 lecture october 20 2011 (global) public good-enin nuclear proliferation. G20 (g7 and g8) g20 are brics. Ireland: bankrupt portugal: similar reasons as ireland, spain and italy=still sovereign but having troubles paying the bill. Italy was hit with lowering of credit and spain. What does this mean: credit rating; if you ask for a loan and have enough money to pay back and the bank looks at your credit. If credit is bad then it gets worse. Credit rating for countries leverage is being used. Best leverage a country can have is triple aaa+. So countries and states have to have high leverage. The lower the rating the higher the interest. Instance, if you buy bombs for canada and government pays particularly no interest you end up with 1 something %. Italy has to pay 6 or 7% interest. What can you do to make interest high on bombs for canada: decrease interest rates=more yield.

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