IRG 301 Lecture Notes - Lecture 15: Open Door Policy, Profit Maximization, Henry Kissinger
8 May 2016
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Emerge and diverse from the rest (like asia: rise of the rest. Rebalancing of an asian dominated world: capitalism. Make not of kissinger and appleby"s larger arguments on capitalism. Appleby says not timeless, capitalist world view is currently dominant, but not always that way. Mercantilism: assumptions about power, and how mercantilism operated. State power is helped through wealth, they are interconnected: key assumption is that state wealth is essentially money. Trade arrangements should maximize money towards you. Trade surplus, max trade, increase holdings: colonialism opens up the possibility for more capital. Don"t confuse wealth and money, its about lowering trade barriers, increasing overall trade, rather than every country focusing on internal trade. Informal empire: colonies, holding territory, empire: east india trade company, free trade can help eliminate colonies. Countries makes countries trade with them, makes a system of dependence: 19th century saw britain favor these trade relationships over colonies.
