POL208Y1 Lecture Notes - Lecture 5: Just Price, Marshall Plan, North American Free Trade Agreement
Document Summary
Pol208 lecture 5: the road to an integrated world economy. Economic process aimed at creating an integrated global economy. European union was a kind of project aimed at bringing wars to an end via increasing economic cooperation. European union emerged out of the conflict of wwii and began with economic processes and integration stimulated by the introduction of the marshall plan (a us plan) States at the receiving end had to adopt certain kind of measure. These conditions are made so that it is unacceptable for communist economy. Requirement of the basic aspect of private economy. Hegemonic stability theory comes through realist assumptions. In order to make sense of these various arguments, it is first useful to explore the nature of economics and politics note that there were no economists prior to adam. Prior to the rise of capitalist institutions, there were no segregation between politics and economics.
