POL326Y1 Lecture 14: Elections and Media

2 views4 pages
26 Aug 2019
School
Course
Groups, Elections and Media
Review
Gowan’s description seems to fit the Trump admin
Ex. Wisconsin (dairy industry) pressures to abandon NAFTA unless they get access to Canadian markets
The Trump admin, unlike Obama’s, focused on protecting narrow, immediate economic interests
o The solar panels defend a narrow set of interests in America
Workers in solar industry won’t benefit from it
The largest powers in solar industry are those who maintain it
Imposing sanctions will raise the costs of solar cells
Imposing a tariff on solar cells but may slow down adoption of technology
China is the biggest exporter of solar cells along with South Korea
o South Korea’s a state that America tries to keep within its sphere of influence
Demonstrates a turning away from global policy of integration
It’s been argued by various views
o US prioritizes collective interests on capitalist world resisting domestic pressures despite American
political power
Under Trump admin, it isn’t accurate
Accurate though under Obama through the expansion of free trade agreements
o US has despite appearances, generally followed mercantilist policies; reshaped world economics for
its own benefit especially with the abandonment of the gold standard
Focusing efforts on US dominance in new growth sectors (development of information and
communications tech)
o Global empire view: US has effective control on capitalism essentially shaping other societies into
distinctive American-styled capitalism in return for US dominance/primacy
Closely related to Walter Russel Mead in American foreign policy
Mead: USFP economics is best understood as a form of power different from hard/soft
power and cultural appeal
Best characterized by sticky power: American economic power exerts influence through
drawing other states in economic system and traps them in it
Engaging in relative open trade has provided enormous benefits to societies around the
world through increasing their access to markets
This idea of sticky power isn’t particularly new; this was developed centuries ago by China
(tiangxia): a set of policies regarding northern barbarians; Chinese were vulnerable to this
Rather than fighting barbarians, Chinese emperor met with them and ask them what
barbarians wanted; this is the policy of China today
Americans demanded access to Chinese markets and China opened its doors; American
investment would change China
The Chinese governments are focused on their next set of elections; capable of
compromising for longer periods of time
Trade, however, creates complex interdependencies
US foreign investment abroad (86B) while foreign investment in America (41B): 1967
US investment abroad (2/3s first world country, 1/3 developing countries)
o 3rd world countries are seen as risky investments
this demonstrates a downward trend
the suggestion that this level of indebtedness allows Chinese to sink the American dollar making imports to
America
Sticky power goes both ways: Chinese, because they’re holders of enormous stakes in American economy
Unlock document

This preview shows page 1 of the document.
Unlock all 4 pages and 3 million more documents.

Already have an account? Log in

Get access

Grade+
$10 USD/m
Billed $120 USD annually
Homework Help
Class Notes
Textbook Notes
40 Verified Answers
Study Guides
1 Booster Class
Class+
$8 USD/m
Billed $96 USD annually
Homework Help
Class Notes
Textbook Notes
30 Verified Answers
Study Guides
1 Booster Class