POLISCI 359 Lecture Notes - Lecture 10: Impossible Trinity, International Inequality, Free Trade
1 Feb 2016
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Document Summary
Be able to talk characteristics of: liberal imperial (before 1930s, bretton woods (1950s-1971, post-bretton woods (1973-present, 3 different configurations of impossible trinity. The volcker shock; restrict monetary supply, shooting interest rates up, slaying the inflationary dragon. Gini coefficient: when it"s 1, 1 person has all the wealth in the society. Milanovic"s 3 concepts of global inequality: unweighted international inequality, weighted international inequality, true inequality, an engine (drives things forward, left alone except for periodic. How do global markets relate to economic development? maintenance. Do not agree with protectionism: a child (must be nurtured and trained, needs constant intervention) Agree with protectionism, wade & ha-joon chang agree with this) Milner/kubota: trade liberalization a consequence of domestic factors (democracy) Steinberg: international negotiation and power within the gatt/wto. Dreher and jensen: role of dominant state sin affecting imf policy. Is global economic governance effective at managing interconnectedness and preventing crises: goldin: no, drezner: yes, hale, held and young: yes, and no.
