International political economy
11 important questions on International political economy
What did the Doha round of trade negotiations bring?
Roles of MNCs (multinational corporations):
-makign significant investments in a foreign country
-opening manufacturing facilities
Economic liberalist view on the international political economy:
.Relationship among individuals, society, state, market: when individuals act rational, markets are created. markets function best when free from govt interference
.Relationship between domestic and international society: international wealth is maximised with free exchange of goods and services, international economy gains
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What is mercantilism(statism)?
What challenges has economic globalisation from economic liberalism been confronted with?
-the Asian financial crisis end 1990s showed the problem of too much capital flowing out of the region (bankrupt, stocks drop etc)
What is the european economic intergration?
Problems with oil petroleum market:
- Some states can use oil as a strategic weapon
- Even international institutions have found it harder to exercise their influence in getting the oil-producing states to comply with international agreements.
- As oil has become more valuable, it has become a target for groups trying to disrupt established governments.
Radical/marxist view on international political economy:
.Relationship among individuals, society, market, state: competition among groups, conflictual and exploitative
.Relationship between domestic and international society: conflictual relationship because inherent expansion of captialism, seeks radical change in international economic system
Static perspective on the international political economy:
.Relationship among individuals, society, state, market: goal is to increase state power, achieved by regulating economic life
.Relationship between domestic and international society: international economy conflictual, insecurity of anarchy breeds competition, state defends itself
Critics of the international economic liberalism:
-Reformers outside and within international financial institutions question governance and specific policies of the IMF and World Bank.
What is Washington Consensus?
The question on the page originate from the summary of the following study material:
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