POLS 2940 Lecture Notes - Lecture 9: International Political Economy, Mercosur, Class Conflict

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1) international - relations on a global scale, often between states, but also other actors. 2) political - questions of power, competition for resources, con ict, etc. 3) economy - questions of resources, goods, and trade, prosperity, spending, production, etc. Was mainly focusing on markets on a domestic level. Argued that if markets were released from state control and barriers and tari s were eliminated, countries would specialize in their comparative advantages. 1) rejects clear separation between "economics" and other disciplines (political science, sociology, anthropology, etc. ) 2) cannot understand economic/political policies in purely national terms, i. e. international/ global & national/domestic closely intertwined. Rise of new corporations with more power than the state. 1) internationalization: production and trade are not contained within national/regional borders - eg. export processing zones. 2) technological revolution: rapid advances in global communication, transport, and production - eg. just-in-time production systems (started by toyota)

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