POL114H5 Study Guide - Final Guide: International Monetary Fund, Nuclear Proliferation, Pessimism
Document Summary
Power; national interest; security; military power (hard power) Anarchy; economic growth will not overcome state conflicts. War prevented by encouraging cooperation/trade on global issues. Rational self- interest; justice/democracy; peace; prosperity; soft power. Optimism; progress is possible; economic growth is good for all. Pessimism: paradigmatic change/revolution is only hope for change; classless communist society of equality revolution, transformation, and social change. Emerged as a superpower after wwii exhausted other countries. United nations supposed to be a world hegemony, but us funds it, hence controls it; us use power to go around un rules. Decline of british power = rise of other states (us, ussr), hence lack of single power to provide currency. System to regulate world currency/world back after wwii (to reconstruct europe after war and development of third world countries); to establish international economic system; us dollar reserved currency; Lower cost of production by lowering wages in developing countries.
