Economic Conflict Management.docx

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ECONOMIC CONFLICT MANAGEMENT March 20, 2012
WHAT IS CONFLICT MANAGEMENT (ECONOMIC)
Can include labour mobility key benefit of EU is that you get to work anywhere in
Europe without having to apply for visas
KEY IDEA ECONOMIC PROTECTIONISM CAUSES CONFLICT
Closes borders
Decreases inter-state trade
Because economies turn downwards, we need to choose who has a claim on the
economic pie and who doesn’t
No state can fulfill its needs and wants through internal production along
Nationalism
WWI
WW2
FREE TRADE
It matters because it is efficient take money from Canada but we want to turn up a
profit so we invest it into South Asia that always turns a profit.
Sometimes what is efficient in one country is not efficient for other countries
Economies of scale
Comparative advantage what each countries bring to the production sector, what they
have that other countries dont
Interdependence we entrust certain things to other countries that provide a profit to
both them and us
Democratic Peace Theory encourage the middle class and others to urge the
government as they move to greater democracy it becomes less likely the countries will
have to fight against eachother to get what they want
BRETTON WOODS 1944
IMF
World Bank and its Structural adjustment programs
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