PSY 034 Lecture Notes - Lecture 30: International Relations, Bretton Woods System, The Globalist
9 Aug 2020
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Document Summary
Nation-states on the contrary to economic market. Sen and singer see national borders as a hindrance a practical obstacle that can and should be overcome as the world becomes more interconnected through commerce and advances in communication. Nation-states is the source of blockade for fuller global economic integration import tariffs, capital controls, visas, transaction costs, legal regimes. Fate of the nation-state has longly been questioned. Our economic fortunes are determinate by the place we were born in: most of global inequality is accounted for by inequality across rather than within nations. In the aftermath of global financial crisis 2008, it was the national governments that bailed out banks, pumped liquidity and wrote check the idea of nation-states came again into power. The nation-state has been closely associated with economic, social and political progress the nation-state"s fall from intellectual grace is in part a consequence of its achievements.
