INTA 1110 Lecture Notes - Lecture 13: World-Systems Theory, Structural Adjustment, Millennium Development Goals
12 Feb 2013
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Document Summary
Hegemon"s prevent free-riders from creating problems in the system i. e. instability. In order for the hegemon to remain in power, it must induce or coerce others to participate and support the system. The us does this through trade and military power: uneven power growth leads to a destabilization of the system. This leads to the hegemon being overthrown and a new hegemon being established: political power regulates economic activity creates the basis for and affects . Hegemon must have control over four sets of world economic resources: (keohane: raw materials, capital, markets, competitive advantage in the production of goods. Loss of american hegemony: 1950s and 1960s us began to act in a protectionist manner as japan and western. The combined processes of capital accumulation (economics) and well being (quality of life) What can be measured: gdp per capita, access to basic goods. Essential modernization factors: market economy, free of political interference, growing rate of economic investment, foreign direct investment.
