INR 4702 Lecture Notes - Lecture 1: International Monetary Fund, High Politics, General Agreement On Tariffs And Trade
14 Oct 2017
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Document Summary
International political economy: the reciprocal and dynamic interaction o the pursuit of power and the pursuit of wealth (gilpin 1975); political economy is created by the parallel existence and mutual interaction of the state and the market (gilpin 1987) Ipe studies life in the global economy, it focuses most heavily on the enduring political and economic political battle between winners and losers from global economic exchange . The distributive consequences of global economic exchange generate political competition in national and international areas. The winners seek deeper links with the global economy in order to expand and consolidate their gains, while the losers try to erect barriers between the global and national economies in order to minimize their losses. (pp. International political: emphasizes global geostrategic and diplomatic environment. The inherent con ict among states in an anarchic world (more liberal) Domestic institutional: emphasizes the role and institutions of the state. First true global economic in the 2nd half of the 1800s.
