POL101Y1 Lecture Notes - Paris Peace Conference, 1919, Article 231 Of The Treaty Of Versailles, Periphery Countries

8 views7 pages
user avatar
Published on 31 Jul 2011
School
UTSG
Department
Political Science
Course
POL101Y1
Professor
Page:
of 7
POL101
Feb. 14th, 2011
Postwar Reconstruction Growing the Global Economy
N.B. For the paper: describe contending perspectives at the bare minimum, comparing
(similarities & dissimilarities, unit of analysis, etc.,)
Asias Rise
Government intervention:
Governments intervened in the market by creating strategic policies to develop
industry (e.g. Taiwan bought foreign technology, invested directly in firms)
Infant industry protection:
How is America going to grow its industries & firms to be competitive in the 19th
century? Alexander Hamilton says you have to protect infant industry by making
foreign competition more expensive by placing a tax on foreign goods, allowing
them to grow & become competitive
Picking & making market winners:
Small economies that cant do everything, thus they had to pick sectors that were
suited for their industrial economies (market winners), picked winners on the
market market-regarding economies that paid attention to what markets
wanted
American patronage:
Huge aid given, also military support, largest naval fleet based in Japan to
protect economies from Communist expansion in the 50s/60s
Disproportionate amounts of aid, Americans also bought Asians good (American
market consuming Asian goods)
Developmental state:
Institutions guts of government were hierarchical, bureaucracy meritocratic
(only the best invited into the bureaucracy), also quite wealthy
Export oriented growth:
You could only grow so much by selling to your own country & domestic markets
thus they needed to export plugged into the global economy, extent to which
they are engaged in foreign trade
www.notesolution.com
Positive terms of trade these economies sold more than they bought
Outlier or Model?
Market regarding Smith
Not Socialist or Communist economies, had a keen sense of what the market
wanted, were selling high-quality goods that consumers wanted
Mercantilist List & Hamilton
Predicated on government intervention, economic nationalism, used policies to
create comparative advantages
Dependent development Lenin & Wallerstein
Were periphery countries dependent on foreign aid, investment, markets, &
technology
Global economic Growth prewar, interwar, & postwar
Plugged into the global economy when the world economy was experiencing rapid
growth, during good times
1960-70 economy growing at a rate of 5.3%
World wars were a major turning point something happened before & after
that allowed for economic growth, as well as an international context that would
allow economies in Asia to plug in
What happened in the postwar period that allowed for this growth?
The World Wars: a devastating turning point
Economic infrastructure that had been developed in the 19th century was
destroyed
What was it about WW1 & WW2 that saw global growth in their wake? 2) How
did they shape postwar reconstruction? 3) What lessons did we learn from the
world wars, how did they shape the global &economic world order?
Wars that preceded the generations that set up the world economy that we live in
today
World War I
Rise of Germany:
www.notesolution.com
Leading country of heavy industrial production, engaged in the naval arms race
with England England had met its challenger
England was in decline, Germany economic growth rates double that of England
Alliance formation:
Result of Germany’s rise: England became nervous, forming an alliance with
France & Russia (rationale here was that together the three could balance the
rising power that was Germany)
Isolationalism/expansionism:
Germany begins to feel isolated (encircled by the Triple Entente), allies with
Austria-Hungary & Italy
Power transition moment:
Moment of instability in Europe due to a rising Germany
1919 Treaty of Versailles & Germanys defeat:
War Guilt Clause: basically said WW1 was Germany’s fault
Collective Security
Woodrow Wilson:
Policy of non-intervention during WW1, US joined war in 1917
The system is broken, which led to WW1
Notion of balance of power that created WW1 which is supposed to be stable, is
in fact unstable creates notion of collective security
Collective Security Doctrine:
Preservation of state sovereignty
Aggression illegal; outlaw offensive war
Deter aggression through coalition
Failed deterrence lead to collective punishment
League of Nations Paris Peace Conference, 1919:
Moral force of men throughout the world (moral imperative of collective security,
cannot have WW1 happen again, underneath this moral imperative is the threat
of punishment)
19th century: belief that collective security would keep the peace
Fragile on two fronts: security & economic
www.notesolution.com

Document Summary

For the paper: describe contending perspectives at the bare minimum, comparing (similarities & dissimilarities, unit of analysis, etc. ,)  governments intervened in the market by creating strategic policies to develop industry (e. g. taiwan bought foreign technology, invested directly in fi rms) Alexander hamilton says you have to protect infant industry by making foreign competition more expensive by placing a tax on foreign goods, allowing them to grow & become competitive.  small economies that cant do everything, thus they had to pick sectors that were suited for their industrial economies (market winners), picked winners on the market  market-regarding economies that paid attention to what markets wanted.  huge aid given, also military support, largest naval fleet based in japan to protect economies from communist expansion in the 50s/60s.  disproportionate amounts of aid, americans also bought asians good (american market consuming asian goods)