PSCI 1100 Lecture Notes - Bretton Woods System, Free Trade, Capital Control
14 Apr 2013
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Us: reflects debate in international relations, liberalism and realism. Political and economy (pursuit of power vs. wealth). Interplay of economic, political, and social structures and practices (class, gender, race) Though some corporations stem from the us, manufacturing is done in cheaper areas (china, vietnam) Shows us an example of power relations. Relations between capital and labour the gvnt has how it is interconnected. Extent to which central bank is independent or dependent on gvnts and fiscal policy. Predominant economic policy of european states (esp. Empire, netherl. ds) from 16th to 18th cent. (colonialism, early capitalism); also: interwar period. Any kind of realist approach to economic relations. International economic relations = competition of states; states must encourage exports and protect domestic producers. There"s a relationship between economic and security relations. A powerful economic base = strong military and ability to expand it. Meant that colonial powers can prevent its colonies to trade with certain countries.
