POL SCI 5 Lecture Notes - Lecture 14: Neomercantilism, Mercantilism, Nationstates
17 Oct 2016
School
Department
Course
Professor
Document Summary
[we are focusing on only a thin slice inequality & development] 1950/60s: focus in ir & in the world was on security issues. In the 1970s, that changed when there was a shift from liberalism to other theories. Military & security weren"t as center-stage as before. Mercantilism: has some things in common with realism. Oldest approach to political economy (17th century with the rise of nation-states trying to get power) Wealth & power were closely linked to possession of precious metals (gold & silver) Plan: expand exports and reduce imports = accumulate 17717$ Britain used mercantilist policies to rise in power: trade surplus. Gold & silver are in a fixed supply. 19th century: mercantilism began to decline when britain liked free trade. But it came back in the interwar period. Originally: way to gain power (wealth) was gold & silver. What"s good for individuals is good for states ( pie keeps growing ie. not about relative gains)
