Political Science 2231E Lecture Notes - Lecture 10: List Of Countries By Military Expenditures, Cultural Imperialism, Free Trade
13 Dec 2016
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Investment driven private capitalism: spread of english and military, consumerism, american culture = mixture. Absorbs variety of other cultures (literally a culture of appropriating cultures: markers of success = making it in america. 15% of all economic opportunity: northern states: integrating since wwii, 60% of the 15 = north america, western europe, japan/pacific, southern states = increasingly part of global trade, 40% = 3rd world. This means 85% of all economic activity is internal. trillion/year: 12 times global military spending. Commodity: anything sold or traded as a good or service in a market. Differentiated goods and services: non necessary and luxury goods and services. Value greater than regular goods and services. Free market: competition, few regulations, choice for consumers and suppliers, market corrects imperfections and inefficiencies, trade. Balance of trade = imports minus exports. Counter veiling duties: tariffs to offset other tariffs and ntbs by another state. Anti-dumping duties: tariffs to offset below cost importation: state types.
