POL114H5 Chapter 4: Chapter 4 and 6
Document Summary
War is a collective killing for a collective purpose. Usa is the dominant state actor in the world. When global capitalism was introduced the inevitable outcome is the polarization of wealth: absolute poverty. Un also known as a political institution and or economic actor. Political economy issues in global politics can be attributed: The rise of other state economies: hong kong, singapore, taiwan and south korea. European integration -> europe union is together to protect. Realist approach to ipe: mercantilism and economic nationalism. Realists argue that states are concerned with relative gains in economic strength: absolute gain and relative gain. See the world economy as a zero-sum competition. Argues that international economic organizations are built and managed by states, especially powerful states. Mercantilism: the perspective holding that international trade should be regulated by the state to maximize national income. Balance of trade came at the expense of one"s trading partners. Translate principles into gov"t practice by protectionism and export promotion.
