Political Science 2231E Lecture Notes - International Political Economy, Foxconn, Indium

7 views6 pages
Published on 21 Apr 2013
School
Western University
Department
Political Science
Course
Political Science 2231E
2231 Feb 27 2/27/2013 8:23:00 AM
Term 2 Essays
5 sources, need 1 book
3000-35000 words
12pt font, double space with citations ( any citation style is fine)
International Political Economy
Political economy of the iphone
Different parts are made from various companies around the world
Apple marks about $300 per iphone
Political costs of the iphone
o Depletion of indium, the mineral used for LCD and touch
screen display
“modern day gold rush”
o Labour unrests in China
May 2010 9th worker death at iphone firm Foxconn
July 2010 Foxconn shuts down India plant as 250
workers fall ill
Feb 2011 “1 million workers. 90 million workers. 17
suicides, who’s to blame?” by wired
Sept 2012 “Foxconn halts production at plant after
mass brawl”
But, see Factory Girls: From village to City in a
Changing China (Leslie Chang 2009)
Mercantilism
The belief that power and wealth are closely related
Wealth can be acquired in a number of ways
o Having a positive trade balance
Was used to enhance the power of the state
This belief declined in the early 19th century
Lead to the rise of economic liberalism
Economic liberalism
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Economic openness and free trade
Adam Smith
o Markets being self-regulating and self organizing
o “invisible hand”
everyone benefits from trade, and states should be focused on
maximizing their own benefit
they believed that government intervention in the market created
problems and wasn’t good
however, coordination between nations with trade is difficult
o cant force someone to take down a tariff
four key factors
o reciprocity
all trade agreements must be reciprocal
o international regimes
we need systems that value exchange
o property laws
o interdependence
everyone needs to mutual benefit/rely on trade
David Ricardo
o Presented a new theory of trade
Focused on absolute advantage as opposed to
comparative advantage
o Believed that countries can benefit even more if they
specialize in the production of certain goods
Trade barrier
o Any government limitation on any internal exchange of goods
o Not always written in law or directed at a particular other
nation
o E.x. pre-nato, most Mexican trucks were not allowed to drive
on American roads due to different car safety laws
Protect your economy from cheaper imports
o Impose tariffs
o Quantitative limits
o Subsidies
WTO
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Document Summary

12pt font, double space with citations ( any citation style is fine) Different parts are made from various companies around the world. Political costs of the iphone: depletion of indium, the mineral used for lcd and touch screen display. Modern day gold rush : labour unrests in china. May 2010 9th worker death at iphone firm foxconn. July 2010 foxconn shuts down india plant as 250 workers fall ill. Sept 2012 foxconn halts production at plant after mass brawl . But, see factory girls: from village to city in a. The belief that power and wealth are closely related. Wealth can be acquired in a number of ways: having a positive trade balance. Was used to enhance the power of the state. This belief declined in the early 19th century. Lead to the rise of economic liberalism. Adam smith: markets being self-regulating and self organizing, invisible hand .

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