POLS 4155 Lecture 1: Seminar 2 + 3
24 Jan 2019
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Document Summary
Ndp stronghold in the areas in the rural/urban. Barriers of entry in the monopoly system patents, capital, acquisition by larger corporation. Austerity is a political-economic term referring to policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both. Austerity measures are used by governments that find it difficult to pay their debts. Party system effect on democracy stable system or not. Economic downturn spend to boost the economy. High wages don"t lead to inflation but lead to increased investments. Growth in cheap debt for consumers and states. To maintain a certain standard of living without raising debt. Responsible to democratic system as well as the bank. State worried about their view in the financial system. Power to cabinet ministers post-war period. Now centered around the prime minister + finance ministers. Central bank control over interest ended in the post-war period -> shift toward more professional finance bankers control over rates.
