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Post war Recontruction good for exam

Political Science
Course Code
Jeffrey Kopstein
Study Guide

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Post War Reconstruction- Growing the Global Economy
asked to compare, to describe these contending perspectives
similarites vs differences, how you do this comparison
Asia's Rise
Government Intervention
into the market was critical to the growth of these economies
infant industry protection
- have to protect own industry by making foreign goods more expensive buy putting tariffs on foreign
picking and making marketing winners
- had to pick sectors that they thought they could do well in, like semi conductors, electronics,
computers, on the market
american patronage
- benefited enormously , provided military support, amount of aid that the US gave was enormous dis
portioned amounts of aid making american buy asian products
developmental state
- unique and extraordinary, best and brightest brought into the bureaucracy
export oriented growth
can only grow so much by selling to your own country mart
were plugged in to the global economy
sold more then they bought
Outline or Model
market regarding – smith
Mercantilist – list and hamilton
Dependent development – lenin and Wallerstein
Global economic Growth – Prewar ,interwar,post war
World GDP
world wars were a major turing point
1913-1950 – 1.0%
1950-1960 - 4.2%
World Wars a devastating turning point
WWI - 15 million deaths
WWII - 50 million deaths
casue of technology and brutality of the war. Major countries and cities were completely desvasted and
economic infrastructure had been destroyed
wars have had a significant inprint of how we live in todays world
World War I
Rise of Germany
rose and was the leading country in heavy industrial production
engaged in the race for naval arms ships
german economy that is soon gonna be larger then englands
Alliance Formation

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england forms an alliance with france and russia
germany is surrounded by the alliance countries
germany feels isolated, and forms an alliance with the autro hungarian empire
serbia declares war on belgium, and WWI begins
Power Transition Moment
1919 Treaty of Versailles and Germany's defeat
peace treaty conclusion of WWI
pronounces germanys defeat
had the War Guilt Clause, that stated WWI is germany's fault
Collective Security
Woodrow Wilson
Collective Security Doctrine
Preservation of State Sovereignty
most important principle, and is wat makes the international system work
wanted to stress 3 points
aggression was no deemed illegal; outlaw offensive war , actually moved troops to a border and attack
deter aggression through coalition , all the other non aggressive states would band together and punish
the aggressive state
failed deterrence lead to collective punishment
basis for the league of nations
League of Nations – Paris Peace Conference 1919
underneath the moral imperative is the deterrence and punishment
collective security was fragile on the security part and economic front
Breakdown of collective security
japan's east Asia co prosperity sphere
japan attacks china, and the LON requires the non aggressive states to take action but they
italian fascism and Ethiopia
1935 italy invades ethiopa and LON does nothing
NO U.S Participation in LON
not members of LON,didn't feel like it was meant to be interfering in european affairs
Isolated germany
france didn't trust germany, so they turned to poland and didn't want them to form another
as result of the treaty of versailles, germany was not allowed to have an army or air force
set of conditions that lead to the re rise of germany in the 1930s
everybody in europe saw the re rise of germany and that it might lead to instability but no one
did anything about it
germany attacked austria in 1938
Economic Warfare
great depression
declining wages, declining trade and economic prices, deflation
Mecantillist Response
first thing governments do are protect there own industries

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Smoot Hawley tariffs
beggar thy Neighbou policy
devalue there exchange rates to make exports cheaper
competitive exchange devaluations
making policies to destroy other economies
Economic warfare
Political Economic Causes of WWII
decrease in international trade
annual growth in world output and trade
during the interwar the output is 0.8 and and trade is actually a negative (-0.4)
rise of national Socialists in Germany- Nazi party in 1933
were elected in 1930 people wanted this government
Post war lessons
democracy – occupation strategies
is good for global peace
full employment
cannot repeat the economic depression, cause it created economic disability
we need to make sure economies are engaged in full enployment
economic interdependence
WWII was caused in part cause economic interdependence broke down
economic interdependence equals peace
era of american power
preponderant american power
america was isolated being b/w to big oceans and liked being isloated,
america counted for 50% of the global economy
was barley touched by the war except for pearl harbour
Contending Ideas
how to Organize the Post war Order
us free trade
uk mercantillist
keynesian counter cyclical stimulus
keynes wasnt a more intervention or less kind of economic theory
arguing countercyclical stimulus
markets functioned in cycles
keynes argued that governments should intervene to shave off some of that gain and lows
Embedded liberalism
is the keynesian compromise
has to be multilateral
government intervention to moderate those highs ans lows to prevent instability
was a hybrid philosophy about free trade and moderate countercyclical system
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