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Lecture

Political Science 2231E Lecture Notes - 1997 Asian Financial Crisis, Indium, Invisible Hand


Department
Political Science
Course Code
Political Science 2231E
Professor
Jessica Trisko

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Week 7: International Political Economy
Wednesday, February 27th, 2013
Essay Guidelines
Answer the question
4 relevant academic sources, including 1 book
o Try and get 15 sources, 10 recommended
3000-3500 words, not including bib
12pt font, double-spaced, citations
Chicago style
o Bibliography
Counterarguments: limitations to the argument you are making
o Generate a discussion
Forget structure from last year
o Doesn’t have to be 3 clear arguments; can be related
Political Economy of the iPhone
125,000 sold: first generation
Decade later: over 200 million sold
The iPhone and its related to international trade
o Average sale price: 560$
o Different countries responsible for producing portions of the iPhone
o Manufactured mainly by a Taiwanese country in China
14$ goes to this manufacturer who makes the iPhone
Apples cut is 368$ after paying out patent, etc.
Apples marketing makes them a lot of money]
Apple is not the major technological developer
Important political costs that aren’t captured on an economic model
Political costs of the iPhone
o Depletion of rare minerals: depletion of indium- mineral used for LCD screens and touchscreen
displays
o Modern day gold rush; discovery of indium in the UK
o Labor unrest in China
May 2010: 9th worker death at iPhone firm Foxconn
July 2010: Foxconn shuts Indian plant as 250 staff fall ill
Feb 2011: 1 million workers, 90 million iPhones, 17 suicides. Whos to blame?
Sept 2011: Foxconn halts production at plant after mass brawl
BUT: see Factory Girls; from village to city in a changing china: Leslie Chang- 2009
Political economy impact from a social mobility perspective
o Mobility, they can achieve social mobility that would otherwise not be
available to them
o What are the relations between corporations and manufacturers, to the consumer
o Theory of mercantilism
Power and wealth were closely related
Needed to be wealthy = power
Regulated and controlled domestic trade
Positive trade balance: if you sold more goods then you imported you had a positive trade:
gold
Put towards military power
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