lec note

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9 Mar 2011

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Jan 12 2011
POL 208Y1
International Political Economy
South Sudan- Referendum
independent country?
South Sudan? Oil resources… might cause a
Issues with security & economy
Interaction & boundaries between economy
and security
Fault lines Rajan responsibility
for some of the more serious fault lines lies
not in economics but in politics
In the past, economics used to be political
economy… Now, economics and political
Lost of inter-connections
Political economy
Polity Market
IPE International Political Economy
In the past, High politics security, etc
Low politics economic issue
Role of economy in IR? it depends who you
We need better to buy guns; a source
of power
We like butter; a source of welfare
Prosperity as means vs Prosperity as a
GUNS VS BUTTER - a common
metaphor for the national
production possibility frontier
Guns will make us powerful; butter will
only make us fat - Hermann Goering
We can do without butter, but despite all
our love of peace, not without arms. One
cannot shoot with butter, but only with guns
Joseph Goebbels
Bomb them with guns
PPF: Production Possibility Frontier
War Economy market needs to
readjust the tradeoff between guns and
butter is most noticeable in times of war
TOTAL WAR- sustainable over time?
Effects on Morale
Effects on Gender Relations; Post-war
housewives; women were working in factories
instead of men
Positive effects of War Economy?
If here is no great infrastructural
damage Economic boom follows
Economic Warfare- an intense, coercive
disturbance of the economy of an adversary
aimed at diminishing its power
Economic sanctions as an example of
economic instrument as a tool of warfare
Economic warfare can be waged
separately from military warfare (sanctions)
or in conjunction with an ongoing war
(strategic bomb, siege, blockade, etc)
Submarine warfare in WW1 and WW2 ;
oil embargo (Lusitania) on Japan
-Japans main reason to bomb Pearl
* International Law : separates between
goods that are part of the war effort and
those which are for civilian use Dual
Problematic, what about oil that has dual
use survival or war? ( Just War Theory
/ Discrimination)
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