PSCI 2602- Final Exam Guide - Comprehensive Notes for the exam ( 35 pages long!)

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States are rational actors seeking to maximize interests and power (neoclassical influence). Relationships among actors in the global political economy (realist ir influence) Most powerful states shape rules governing gpe. Relationship between politics and economics (state vs. market) Concerns for national interests (such as national competitiveness) drives economic policies. The state has a role to protect and promote national economy, which can take many forms e. g. regulating private industries (list), protectionist policies, or liberalize the economy) Domestic level consumers, enterprises, economic sectors or industries, government. Actors are rational and in pursuit of their interests (neoclassical economics influence) Relationships among actors in the global political economy. In his critieue of smith, list referred to the prosperity of all human race". Markets will function efficiently when free from political intervention. Adam smith saw negative effects of conflict of interest of state intervention (use state power for private gains). Domestic role of state provide market-friendly environment, security.

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