PSCI 2602 Study Guide - Comparative Advantage, Leading Edge, Stability Theory
11 Jul 2014
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Document Summary
Political economy is the study surrounding the interaction between the political and economic phenomenon across state borders. key issues of global economy are seven elements: International trade, international finance, gender, development, effects of globalization, environment sustainability and transnational corporations: complex interdependence is a theory put forth by robert keohane and joseph nye. It refers to the belief that states and there fortunes are tied together inextricably. The theorists recognized that the various complex transnational connection between states was increasing while the use of military force was decreasing yet important. Interdependence is categorized by three characteristics the use of multiple channels of action between societies, transnational, interstate and trans-governmental relation. The absence of a hierarchy of issues with changing agendas and the decline of military force. The complex interdependence framework synthesis elements of realist and liberal though. The brenton woods system was the first example of a monetary order created to govern monetary relations among sovereign states.
